Electronic Arts Inc. (EA) - NASDAQ
  • Wed, May 11, 2:17 PM
    • Electronic Arts (NASDAQ:EA) is soaring today, up 12.4% though today's peak so far is just short of a 52-week high, as analyst reaction to its fiscal Q4 earnings beat was uniformly positive.
    • Credit Suisse reiterated a Buy and $90 price target, implying 24% upside from today's raised price. Meanwhile, Benchmark raised its price target to $82.64 from $81.48, and Baird reiterated its Outperform rating and $80 price target.
    • UBS maintained its Buy rating and $82 price target, noting "the strength of EA's console revenues (including full-game downloads), mobile growth & extra content suggests the company continues to benefit from both cyclical (next-gen consoles) & secular (mobile & digital) trends in gaming." The firm sees EA's May 17 analyst day as a likely positive catalyst.
    • Oppenheimer reiterated its Outperform rating and $78 price target noting the company's game slate ahead: "Battlefield 1 reveal trailer (published last Friday) garnered highly favorable online reviews. We believe momentum is also strong behind EA's other new titles for FY17, including Sports titles, Titanfall 2, and Mass Effect Andromeda."
    • Now read Electronic Arts: Strong Lineup Bodes Well For FY'17 »
    | Wed, May 11, 2:17 PM | 11 Comments
  • Wed, May 11, 9:12 AM
    | Wed, May 11, 9:12 AM
  • Tue, May 10, 8:33 PM
    • Electronic Arts (NASDAQ:EA) gained 7.7% after hours, quoting at its highest point since January's end, after it wrapped up its fiscal year with a Q4 beat on top and bottom lines.
    • Revenue breakout: Product, $695M (up 3.9%); Service and other, $613M (up 18.8%).
    • In particular, FIFA, Madden NFL and Hockey Ultimate Team live services kept performing well in Q4 with collective net revenue up 26% Y/Y (up 33% in constant currency). For the fiscal year, digital revenue was $2.531B, or 55% of total.
    • EA says it's the No. 1 publisher on PS4 and Xbox One, and if those console makers can sell another 25M units by the end of the year it would mean 80M next-gen customers for EA's heavy slate ahead.
    • During its earnings call, the company confirmed it's planning the sequel to 14M-seller Star Wars: Battlefront for 2017, and that an action game based on the franchise will be made by Visceral and arrive in 2018.
    • For Q1, it guided to non-GAAP net revenue of about $640M (light of an expected $744M), and EPS of -$0.05 (below consensus for profit of $0.18/share). For fiscal 2017, it forecasts non-GAAP net revenue of $4.9B (vs. $4.84B expected) and EPS of $3.50 (above consensus for $3.46).
    • Press Release
    | Tue, May 10, 8:33 PM
  • Tue, May 10, 5:37 PM
    | Tue, May 10, 5:37 PM
  • Tue, May 10, 4:03 PM
    • Electronic Arts (NASDAQ:EA): FQ4 EPS of $0.50 beats by $0.08.
    • Revenue of $924M (+3.1% Y/Y) beats by $35.22M.
    • Shares +5.6%.
    • Press Release
    | Tue, May 10, 4:03 PM | 2 Comments
  • Fri, May 6, 7:09 PM
    • While Activision Blizzard (ATVI +8.5%) has been moving its flagship war shooter franchise into futuristic combat -- despite some wishes from ardent fans to return to World War II -- Electronic Arts (EA +2.7%) today says it will offer that counterprogramming with its new entry.
    • Battlefield 1 (despite the name, the latest in a long series that started on personal computers in 2002 with Battlefield 1942) will hark all the way back to World War I, EA says, featuring zeppelins, tanks, biplanes, and fights in Italian Alps and Arabian deserts.
    • Battlefield 1 is set for release Oct. 21 on PlayStation 4, Xbox One, and Origin for PC.
    • The company is set to report its Q4 earnings on Tuesday. Analyst consensus is for the company to post EPS of $0.42 on revenues of $888.9M.
    • Now read Electronic Arts: Strong Lineup Bodes Well For FY'17 »
    | Fri, May 6, 7:09 PM | 26 Comments
  • Fri, Mar. 11, 11:56 AM
    • New games weren't in short supply, but a drag from hardware sent videogame sales down 12% Y/Y in February.
    • U.S. new physical gaming product sales at retail were $842.5M, NPD Group reports, down from a year-ago $960.3M -- though last year included Nintendo's (OTCPK:NTDOY +1.3%) launch of the 3DS XL.
    • Hardware sales fell 23% to $292.2M, paced by a 58% drop-off in portable hardware (again, against a tough comp with last year's Nintendo portable). Older-gen consoles (Xbox 360, PlayStation 3, Wii) continued to fall off, slipping 77%. Software sales declined 10% to $303.9M.
    • In U.S. new physical software, new release Far Cry: Primal from Ubisoft (OTCPK:UBSFY +0.1%) topped the charts while holiday release Call of Duty: Black Ops 3 (ATVI +2.3%) held strong at No. 2 just ahead of Grand Theft Auto V (TTWO +1.5%). And speaking of high-profile holiday releases, Star Wars: Battlefront (EA +1.3%) fell out of the top 10.
    • Games for PlayStation 4 (SNE +3%) are still dominating software sales overall. And Sony says the PS4 was again the top-selling console in February.
    | Fri, Mar. 11, 11:56 AM | 27 Comments
  • Fri, Jan. 29, 9:39 AM
    • Electronic Arts (NASDAQ:EA) has opened 5.5% to the downside, the day after a postmarket decline as a solid quarter was overshadowed by Q4 guidance.
    • Credit Suisse has maintained its Outperform rating on shares, but trimmed its price target to $85, from $90 -- still 21.8% upside from yesterday's close of $69.79. The company's revenue was in line with CS estimates while EBITDA and EPS beat.
    • Analyst Stephen Ju blames foreign exchange and a holiday shift to packaged goods sales vs. digital for the dim quarterly forecast. But news that Star Wars: Battlefront has already exceeded its March 2016 goal of 13M units promises "a new franchise that will continue to generate shareholder value," and he's looking to a powerful slate ahead.
    • “For FY17 we lower our estimates as we flow thru greater FX headwinds, take a more conservative stance on Mirror's Edge, and ramp R&D dollars," Ju writes. "We note that next FY will bring the return of Battlefield, Mass Effect, and potentially also Titanfall in one year.”
    • Previously: EA call: Gifting and mix shift; E3 pullout about getting closer to players (Jan. 28 2016)
    • Previously: More from EA's Q3: Record cash flow, strong packaged revenues (Jan. 28 2016)
    • Previously: EA slides 11% despite profit beat, strong 'Star Wars' game numbers (Jan. 28 2016)
    | Fri, Jan. 29, 9:39 AM | 1 Comment
  • Fri, Jan. 29, 9:15 AM
    | Fri, Jan. 29, 9:15 AM
  • Thu, Jan. 28, 6:17 PM
    • With a little more after-hours volume under its belt, Electronic Arts (NASDAQ:EA) is now down just 7.9% following its earnings conference call.
    • CFO Blake Jorgensen confirmed that the mix shift that led to physical sales jumping 35.5% (vs. 16.5% for digital) benefited from the big role of holiday gift-giving. Star Wars: Battlefront in particular "skewed even more physical than we anticipated," though gifters love to have a wrapped package under the tree rather than a digital code.
    • In addition, units of the game bundled with consoles are counted as physical units even though they're distributed as digital code. About 1M of the 13M-plus units sold of Battlefront came in console bundles.
    • As for already surpassing the 13M-unit goal they had set for March, the execs noted that Q4 sales of the game might be less than expected since Q3 was obviously much higher. Among the many warnings coming about the current quarter, Jorgensen said foreign exchange would affect Q4 sales by $40M more than last year.
    • Asked about plans to pull out of its prominent role at E3 for a more controlled event, CEO Andrew Wilson said "We see this an as opportunity to get close to our players, invite them in to an environment where they feel comfortable to play games, give us feedback ... we see what we're doing as augmenting the overall E3 experience."
    • Previously: More from EA's Q3: Record cash flow, strong packaged revenues (Jan. 28 2016)
    • Previously: EA slides 11% despite profit beat, strong 'Star Wars' game numbers (Jan. 28 2016)
    • Previously: No EA at E3: Game maker gives up prominent spot for private event (Jan. 27 2016)
    | Thu, Jan. 28, 6:17 PM | 1 Comment
  • Thu, Jan. 28, 5:38 PM
    | Thu, Jan. 28, 5:38 PM | 6 Comments
  • Thu, Jan. 28, 4:30 PM
    • Electronic Arts (NASDAQ:EA) stock is still down significantly, -8.7%, in the wake of a largely solid earnings report.
    • Non-GAAP revenue of $1.803B was above company guidance of $1.775B, but (narrowly) missed consensus expectations for $1.805B, which could explain the sell-off. Operating cash flow of $889M was a best-ever figure for an EA quarter.
    • While the company raised guidance for the full year, its Q4 expectation of non-GAAP net revenue of $875M is short of an expected $916.1M, and non-GAAP diluted EPS forecast for $0.40 trails a consensus of $0.50.
    • Non-GAAP digital net revenue came to $807M, up 16.5%, while packaged goods and other net revenue came to $996M, up 35.5%. (Holiday gifting can contribute to physical sales numbers). The earnings call may shed some light on just how the company quickly surpassed its 13M-unit target for Star Wars: Battlefront.
    • Revenue from live services for key sports franchises (FIFA, Madden NFL and Hockey Ultimate Team) was up 13% Y/Y (up 22% in constant currency).
    • Previously: EA slides 11% despite profit beat, strong 'Star Wars' game numbers (Jan. 28 2016)
    • Previously: Electronic Arts beats by $0.02, misses on revenue (Jan. 28 2016)
    • Previously: No EA at E3: Game maker gives up prominent spot for private event (Jan. 27 2016)
    | Thu, Jan. 28, 4:30 PM | 3 Comments
  • Thu, Jan. 28, 4:12 PM
    • Electronic Arts (NASDAQ:EA) has tumbled 11.9% after hours despite a fiscal Q3 earnings beat and a boost to guidance after strong sales of its key holiday game.
    • Star Wars: Battlefront has already surpassed 13M copies sold -- the number the company had hoped to reach by March. Revenue jumped nearly 26% Y/Y.
    • It boosted guidance for full-year revenue to $4.52B, and EPS guidance to $3.04 from $3.00.
    • Conference call to come at 5 p.m. ET.
    | Thu, Jan. 28, 4:12 PM | 6 Comments
  • Wed, Jan. 27, 6:44 PM
    • Electronic Arts (NASDAQ:EA) won't do a public presentation of its games at E3, the industry's biggest show, opting instead to hold a private event across the street.
    • It's a bit of a trend that EA may be hastening along. The company will still take private business meetings and says its decision isn't meant to show a lack of support for the host, the Entertainment Software Association -- though notably, Sony and Microsoft chose to roll out their next-gen consoles (the PS4 and Xbox One) at events well before E3.
    • The company said it wants its new game info to go directly to fans rather than through the media. (It's open speculation whether middling early reviews of Star Wars: Battlefront might have a lingering effect on the decision.)
    • EA has had one of the most prominent positions among E3 booths, space it may not get back when it returns (if it choose to return at all).
    • Shares closed down 1.9% today, and moved up 0.5% after hours, after Piper Jaffray reiterated an Overweight rating. The firm has an $87.00 price target on shares, implying 25% upside from today's close.
    • Previously: Credit Suisse reiterates Outperform ratings for EA, Activision (Jan. 25 2016)
    • Previously: Electronic Arts up 3.4% as bullish analysts weigh in, BofA upgrades (Jan. 15 2016)
    • Previously: Macquarie: Despite reviews, EA's 'Star Wars' game likely to be big hit (Nov. 18 2015)
    • Previously: EA launches 'Star Wars: Battlefront' to mixed reviews (Nov. 17 2015)
    | Wed, Jan. 27, 6:44 PM
  • Mon, Jan. 25, 4:50 PM
    • After a look at the holiday season, Credit Suisse is still bullish on a pair of videogame makers.
    • The firm's Stephen Ju has reiterated Outperform ratings on Electronic Arts (EA +0.8%) and Activision Blizzard (ATVI -3.3%). He's got a Neutral take on Take-Two Interactive (TTWO -0.1%). Of those, it's EA that hasn't taken a hit over the past month; ATVI is down 10.8% and TTWO down 6%.
    • The firm has maintained its price targets on EA ($90, 29% upside from today's $69.92) and Take-Two ($35, 4% upside from today's $33.61) and bumped its target on ATVI from $40 to $41 (18% upside from today's $34.73).
    • “The biggest changes to the model come for ATVI as we adjust for Overwatch and layer in contribution for KING," Ju writes. "For EA and TTWO we have made only modest adjustments to our near-to-medium term unit volume estimates as the product release slate has not changed materially."
    • Ju estimates Activision will sell 18M units of Call of Duty: Black Ops 3 in fiscal 2015, and that EA will still sell 12.85M units of Star Wars: Battlefront in fiscal 2016.
    | Mon, Jan. 25, 4:50 PM | 7 Comments
  • Fri, Jan. 15, 9:51 AM
    | Fri, Jan. 15, 9:51 AM | 6 Comments
Company Description
Electronic Arts, Inc. is a global interactive entertainment software company. The company is organized into three divisions: EA Studios, EA Mobile and Maxis. The EA Studios division is responsible for developing games and related content and services across an expansive range of game categories.... More
Sector: Technology
Industry: Multimedia & Graphics Software
Country: United States