Electronic Arts Inc. (EA) Issues FY14 Earnings Guidance
Electronic Arts Inc. (NYSE:EA) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24, ARN reports. The company issued revenue guidance of ~$4 billion, compared to the consensus revenue estimate of $4.02 billion.Electronic Arts also updated its Q3 guidance to $1.22 EPS.
EA has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a buy rating on shares of Electronic Arts in a research note to investors on Wednesday, September 18th. On a related note, analysts at Hilliard Lyons downgraded shares of Electronic Arts from a neutral rating to an underperform rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Benchmark Co. initiated coverage on shares of Electronic Arts in a research note to investors on Friday, August 2nd. They set a buy rating and a $30.83 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $23.24.
Shares of Electronic Arts Inc. (NYSE:EA) traded down 2.82% during mid-day trading on Tuesday, hitting $24.13. The stock had a trading volume of 6,441,643 shares. Electronic Arts Inc. has a 52 week low of $11.80 and a 52 week high of $28.13. The stock has a 50-day moving average of $26.79 and a 200-day moving average of $22.08. The company has a market cap of $7.399 billion and a P/E ratio of 66.04.
Electronic Arts (NYSE:EA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $977.75 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Electronic Arts Inc. will post $1.22 earnings per share for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE:EA).
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