Electronic Arts Q2 Earnings: EPS Beat, Solid Bookings, Football's $1 Billion Run In Sight & More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: Benzinga
Quarterly Performance: Electronic Arts reported second-quarter net revenue of $2.025 billion, slightly below expectations, but exceeded EPS estimates with $1.11. The company achieved record net bookings of $2.079 billion and announced a quarterly dividend of $0.19 per share.
Future Outlook: EA raised its full fiscal year EPS guidance to $3.82 – $4.33 and revenue forecast to $7.4 billion – $7.7 billion, while projecting net bookings around $7.500 billion to $7.800 billion.
Analyst Views on EA
Wall Street analysts forecast EA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EA is 215.00 USD with a low forecast of 210.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
2 Buy
6 Hold
0 Sell
Hold
Current: 204.150
Low
210.00
Averages
215.00
High
250.00
Current: 204.150
Low
210.00
Averages
215.00
High
250.00
About EA
Electronic Arts Inc. is a digital interactive entertainment company. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. It develops and publishes games and experiences across diverse genres, such as sports, racing, first-person shooter, action, role-playing and simulation. Its portfolio of brands includes EA SPORTS FC, Battlefield, Apex Legends, The Sims, EA SPORTS Madden NFL, EA SPORTS College Football, Need for Speed, Dragon Age, Titanfall, Plants vs. Zombies and EA SPORTS F1. The Company also offers live services, including extra content, subscription offerings and other revenue generated outside of the sale of its full games. It primarily distributes its console products and services through partners, such as Sony and Microsoft. It distributes its mobile applications and additional content through distributors such as Apple and Google.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
