Earnings Preview For Electronic Arts
Portfolio Pulse from Benzinga Insights
Electronic Arts (NASDAQ:EA) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $2.94. Investors are looking for an earnings beat and positive guidance for future growth. Historically, EA's stock price has been sensitive to earnings performance and guidance. Last quarter, EA beat the EPS estimate by $0.21, resulting in a 3.64% stock price increase the following day. Over the past year, EA shares have risen by 7.7%.
January 29, 2024 | 4:00 pm
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Electronic Arts is anticipated to report quarterly earnings with investors expecting a beat on the estimated EPS of $2.94 and positive future guidance. Last quarter's beat resulted in a 3.64% stock increase, indicating potential sensitivity to the upcoming report.
Given EA's history of stock price increases following an earnings beat, and considering the positive trend over the past year, there is a likelihood of a short-term positive impact on EA's stock price if the company reports a beat and provides favorable guidance. However, the market's reaction can be unpredictable and may also weigh heavily on the guidance provided.
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