EA - Electronic Arts Inc.
| Previous Close | 92.44 |
| Open | 93.48 |
| Bid | 92.25 x 800 |
| Ask | 92.50 x 800 |
| Day's Range | 91.94 - 95.30 |
| 52 Week Range | 73.91 - 151.26 |
| Volume | 3,533,920 |
| Avg. Volume | 3,990,817 |
| Market Cap | 27.301B |
| Beta (3Y Monthly) | 1.23 |
| PE Ratio (TTM) | 27.64 |
| EPS (TTM) | 3.33 |
| Earnings Date | Jul 30, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 111.96 |
- InvestorPlace•15 hours ago
3 Reasons to Believe in the Contrarian Case for EA Stock
Despite all the noise, video-game manufacturer Electronic Arts (NASDAQ:EA) and EA stock has always had one ace up its sleeve: its core revenue-generating industry. Many of the younger InvestorPlace readers may not remember a time when video games represented the exclusive domain of partner-less nerds. I speak from personal experience.Source: Shutterstock Of course, the gaming marketplace is very different today. According to a recent industry report, 65% of American adults play video games. Moreover, the average age is 33 years. From the perspective of stakeholders of Electronic Arts stock, this rising demographic trend is extremely positive.How so? Back in the nascent stage of video-game consoles from Nintendo (OTCMKTS:NTDOY) and Sony (NYSE:SNE), parents would scream at their children to put down their controllers and finish their homework. Again, I speak from personal experience. Now, parents are playing alongside their children.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today With the gaming industry having attained mainstream credibility, the EA stock price should be on fire. However, several gaming stocks performed poorly last year due to a myriad of headwinds, including even geopolitical ones. Naturally, this has dampened the environment for EA and rivals like Activision Blizzard (NASDAQ:ATVI).Still, investors should take solace in that Electronic Arts stock appears to have stabilized. Moreover, the company beat its earnings and revenue expectations for its fiscal fourth quarter of 2019. While one report doesn't change the entire narrative, it's a far cry from Q3's disappointing take.Here are three more reasons why contrarians can believe in EA stock: Management Can Fix What Went WrongLast year was an unusual one. Conspicuously, the Trump administration started to lose credibility in foreign affairs. That's an issue that the former real-estate mogul harped on during his campaign for the 2016 election.A consequence of the spiraling affairs in the White House was the U.S.-China trade war. That eventually sparked a severe correction in the broader markets. I mention this because looking back in hindsight, Electronic Arts stock would have suffered irrespective of management's decisions.But that doesn't excuse EA's top-level executives which made some unforced errors. Key among them was the Battlefield V mishap. Prior to launching the full retail version of the game, EA released a teaser-trailer during a gaming conference. Fans immediately complained about Battlefield V's historical inaccuracies, which was set in World War II.Management insisted that the fans were wrong, even mocking them at one point. They forgot the cardinal rule of business: the customer is always right.I don't need to dive into the gory details. Suffice to say, Battlefield V was an incredible disappointment, badly hurting the EA stock price.But here's the good news: presumably, the worst of the damage is over for Electronic Arts stock. Now, the leadership team just needs to concentrate on fixing what went wrong.If you think about it, that's the easy part: they must cease silly unforced errors. Furthermore, they should concentrate on what has always worked in any industry: give the customers exactly what they want. Apex Legends Delivers the Goods for EA StockSpeaking about fulfilling consumer desires, a discussion on EA stock is incomplete without mentioning Fortnite. Seemingly out of nowhere, this upstart first-person shooter (FPS) turned the broader gaming sector upside down.Personally, I found this phenomenon difficult to understand. Companies like EA and ATVI have dominated the FPS market with increasingly realistic graphics and gore. Fortnite, with its bright, cartoonish graphics, was almost a slap in the face to industry protocol. Yet everybody was talking about it, while the established giants faded into the background.Obviously, that also negatively impacted Electronic Arts stock. However, in this regard, management demonstrated that they're learning lessons from the battlefield (pun intended).Their online FPS title, Apex Legends, encompasses the core elements that made Fortnite a hit: free to play, and utilizing an improved version of "battle royale" mode. When it launched, Apex was an immediate success. More recent indicators suggest that nothing in that characterization has changed. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Best of all, Fortnite's vaunted user growth is finally slowing. Between November 2018 and March 2019, registered users gained 25% to 250 million. That rate pales in comparison to between June 2018 to November 2018, which was 60%. Love It or Hate It, EA Owns Sports GamingIn some ways, Electronic Arts is a drug dealer. Every year, they release essentially the same game but with prettier graphics. Oh, and some new feature that may or may not resonate with fans. They get away with it because the consumer base is addicted.When it comes to the company's EA Sports division, the old rules (i.e., the customer is always right) don't apply. Since EA owns the most lucrative sports licenses -- NFL and FIFA -- discerning sports fans have few alternative options.I don't see management ever giving up this cash cow, which offers multiple esports synergies. Therefore, I'm inclined to believe the turnaround narrative of EA stock.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Reasons to Believe in the Contrarian Case for EA Stock appeared first on InvestorPlace.
- Investor's Business Daily•2 days ago
Take-Two Interactive Software Stock Gets Price-Target Hike On E3 Showing
Take Two Interactive scored positive press and analyst coverage for its showing at the E3 video game show last week. One analyst on Monday raised his price target on Take Two Interactive stock.
- Zacks•2 days ago
Mattel (MAT) Launches Hot Wheels id, Eyes Sales Growth
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Video Game Roundup: E3 Update, MSFT Unveils Project Scarlett
Electronic Entertainment Expo (E3) 2019 witnessed major announcements from Microsoft (MSFT), Nintendo, EA and other gaming companies.
- Benzinga•5 days ago
E3: Morgan Stanley's 6 Takeaways
Morgan Stanley came away from the Electronics Entertainment Expo video game trade show in Los Angeles with a better understanding of the details of some of the key releases coming up this year and what ...
- Thomson Reuters StreetEvents•5 days ago
Edited Transcript of EA earnings conference call or presentation 7-May-19 9:00pm GMT
Q4 2019 Electronic Arts Inc Earnings Call
- Yahoo Finance•6 days ago
Google, Microsoft could disrupt the entire video game industry
The video game industry is showing off the biggest and fanciest toys at the Electronic Entertainment Expo.
- Market Realist•6 days ago
E3 2019: What Electronic Arts Had to Offer
E3 2019, the biggest annual event for the video gaming industry, descended once more on Los Angeles this week. In this article, we’ll discuss the key takeaways from Electronic Arts’ (EA) conference. The company presented some new games as well as new content for its existing franchises.
- Market Realist•6 days ago
E3 2019: The Big Announcements Shaping the Gaming Space
E3, the annual Electronic Entertainment Expo, is underway in Los Angeles. It's a trade event for the video gaming industry that sees leading gaming companies make important announcements—including new games. Here's how the expo has been affecting the market so far—and what you can expect.
- Zacks•6 days ago
Mattel Turns Down MGA Entertainment Merger Deal, Stock Up
Mattel (MAT) rejects a merger offer from privately held MGA Entertainment for the second time.
- Zacks•6 days ago
The Zacks Analyst Blog Highlights: Hasbro, Mattel, JAKKS and Electronic Arts
The Zacks Analyst Blog Highlights: Hasbro, Mattel, JAKKS and Electronic Arts
- TipRanks•6 days ago
Wedbush: 5 Stocks On Our ‘Best Ideas List’
If you are looking for fresh investing inspiration, look no further. Wedbush has just released the latest version of its Best Ideas List. The June report reveals the firm's top stock picks right now- and includes the removal of two Outperform-rated names (see below). But first, let's take a closer look now at why these five stocks make such compelling investing propositions right now... 1\. Microsoft (MSFT)Top-rated Wedbush analyst Daniel Ives has just reiterated his MSFT Buy rating with a $155 price target. From current levels that indicates 18% upside potential. “In our opinion Microsoft remains in an enviable position heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on our recent checks” explains the analyst. The shift to cloud is a major secular trend that is significantly benefiting MSFT, says Ives. He believes Microsoft is perfectly positioned to get more complex workloads (e.g., AI, machine learning, etc.) as more enterprises take the leap to a hybrid cloud architecture over the coming years. “While AWS remains the leader in cloud, we believe MSFT is starting to clearly "close the gap" the analyst tells investors. Indeed, roughly 32% of workloads are in the cloud today, and this figure is poised to hit a whopping 55% by 2022. View MSFT Price Target & Analyst Ratings Detail 2\. Activision Blizzard (ATVI)Wedbush isn’t the only firm signaling their confidence in ATVI right now. One of the world’s biggest video game companies, ATVI also has the thumbs up from Goldman Sachs’ Mike Ng. The Goldman Sachs analyst upgraded Activision from Hold to Buy on May 28. And he also elevated ATVI to Goldman’s ‘Conviction Buy’ list of top stock ideas. According to Ng, the company "is on the cusp of an earnings inflection" as well as an engagement inflection. "Specifically, 'Overwatch' engagement is likely to improve following the introduction of Storm Rising (PvE), Workshop mode, and Havana," the analyst told investors. "'Hearthstone' likely will benefit from Rise of Shadows (expansion) and The Dalaran Heist (solo story mode), while 'World of Warcraft' should benefit from Classic and Rise of Azshara." These create the potential for earnings upside said the analyst.He has a $54 price target on the stock (20% upside potential). In comparison, Wedbush analyst Michael Pachter has a slightly more bullish $56 price target, for 24% upside potential. See what other Top Analysts are saying about ATVI. 3\. Fidelity National Info (FIS)Mergers are shaking up the payments processing industry, and one key stock to keep your eye on is Fidelity National. FIS provides international financial services technology and outsourcing services. Wedbush analyst Moshe Katri added FIS to the firm’s Best Ideas List back in late March 2019. Since that date shares are up 10%. Katri made the move after FIS agreed to buy Worldpay (WP) for $35 billion in cash and stock. "The combined company will be positioned to offer best-in-class enterprise banking, payments, capital markets, and global e-commerce capabilities empowering merchants worldwide," the analyst commented. In short we are looking at a tech and payments powerhouse, with significant synergy potential. Katri has a $140 price target on shares (16% upside potential) calling FIS ‘significantly undervalued’ compared to peers. A similarly upbeat perspective comes from Jefferies’ Michael Del Grosso. "The consolidated entity will have global scale in both merchant processing and issuer processing," Del Grosso said. "We believe the deal's rationale is predominantly driven by continuing to drive scale in the industry.”View FIS Price Target & Analyst Ratings Detail 4\. Tempur Sealy International (TPX)Tempur Sealy International describes itself as the world's largest bedding provider. The Kentucky-based company has enjoyed a terrific rally year-to-date, with prices up 65%. And according to Wedbush’s Seth Basham this is still a stock worth buying into. He has just reiterated his Outperform rating with a $74 price target.Memorial Day weekend bricks and mortar mattress sales checks with retailers and industry contacts were favorable, noted Basham. Encouragingly, retailers called out strength in Tempur-Sealy products, with special mention of the new high-end Tempur Breeze helping to boost average selling prices (ASPs). “The favorable sales trends came despite a modest pullback in promotions across the industry. We believe TPX sales and margin trends are on track for 2Q19, with more upside than downside risk” the analyst wrote. See what other Top Analysts are saying about TPX. 5\. Electronic Arts (EA)Another gaming stock also crops up on the Best Ideas List- Electronic Arts. On May 17, the firm’s Michael Pachter promoted EA to best idea status with a $122 price target (32% upside potential).“We expect EA to deliver material upside to its FY:20 guidance for net bookings and EPS, driven by Apex Legends and a game lineup this year that appears outstanding” explained Pachter. That includes the upcoming adventure game, Star Wars Jedi: Fallen Order. The analyst added: “We expect a string of near-term catalysts, including updates on Apex MAUs, game reveals at the E3 Expo in June, greater detail on the market expansion potential for services like Google Stadia, and continuing growth of EA’s sports business.” With the E3 Expo currently underway in LA, now is the time for these catalysts to begin materializing. See what other Top Analysts are saying about EA. And it’s goodbye to:Two stocks are slashed from the list. “We are removing DIN and OBSV from the Best Ideas List” writes the firm. Dine Brands Global (DIN) operates franchised and corporate owned full-service restaurants including Applebee's Neighborhood Grill & Bar and International House of Pancakes. “While we maintain our OUTPERFORM rating, we are removing DIN from the Wedbush Best Ideas List given the less attractive risk/reward profile at current levels” explains the firm. Indeed, year-to-date DIN is trading up 39%. That’s not to say there isn’t hope ahead. “We continue to view DIN’s primarily franchised model as underappreciated and believe the current discount to franchised peers… could narrow over the next 6 to 12 months.” As for Swiss biotech Obseva (OBSV), the firm simply writes “We are removing OBSV from the Best Ideas List due to our investment price discipline.” Shares have plunged 20% year-to-date for the company, which focuses on reproductive health and pregnancy. Discover stock ideas from the Street's best performing analysts here
- Yahoo Finance•7 days ago
The coolest games of E3 2019
E3 2019 has given us a ton of incredible new games. These, though, are the coolest.
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Toymakers to Suffer on US-China Trade Spat, Declining Demand
Traditional toymakers face a dearth of consumer demand; US-China tension may worsen conditions.
- Motley Fool•8 days ago
Where's the Growth in Video Games?
Video game stocks have been on a hot streak, but revenue growth may not be what you expect.
- Investopedia•8 days ago
Why Video Game Stocks May Thrive Amid Market's Turmoil
Investors looking for stocks that can thrive amid the market's wild swings - and a possible recession ahead - might look at video game stocks such as Electronic Arts Inc. (EA), Activision Blizzard Inc. (ATVI) and Take-Two Interactive Software Inc. (TTWO). “We anticipate valuation multiples for video game companies to move higher owing to the relative safety of the interactive entertainment industry,” wrote BMO Capital Markets analyst Gerrick Johnson, according to a detailed story in Barron’s. BMO says that the value of traditional video game franchises has been overlooked amid the unprecedented success of Fortnite's free-to-play game model.
- Zacks•8 days ago
Take Two (TTWO) Set to Launch The Outer Worlds on Oct 25
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- Zacks•8 days ago
Here's Why Investors Should Consider Buying Hasbro (HAS) Now
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- Markit•8 days ago
See what the IHS Markit Score report has to say about Electronic Arts Inc.
Electronic Arts Inc NASDAQ/NGS:EAView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for EA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EA. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold EA had net inflows of $389 million over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- American City Business Journals•8 days ago
Balas share new details about Velan Studios' game deal with EA
Much of the development is happening in Velan's downtown Troy offices. The studio invested more than $630,000 in new offices last year.
- Benzinga•9 days ago
Microsoft's Project Scarlett, EA Updates To 'Apex Legends' Highlight Opening Of E3
Microsoft Corporation (NASDAQ: MSFT)’s next-generation gaming console and upcoming upgraded content for Electronic Arts Inc. (NASDAQ: EA)’s "Apex Legends" highlighted the start of the Electronic Entertainment Expo, or E3, according to Bank of America Merrill Lynch analyst Justin Post. Microsoft kicked off the video game industry’s showcase trade show by announcing that the new console, code-named Project Scarlett, will be available around the holidays in 2020.
- Zacks•9 days ago
Electronic Arts (EA) Gains From Expanding Games Portfolio
Electronic Arts (EA) is benefiting from an expanding portfolio, driven by partnerships with independent game studios like Velan, Zoink Games, Glowmade and Hazelight.
- Zacks•9 days ago
Top Ranked Growth Stocks to Buy for June 10th
Top Ranked Growth Stocks to Buy for June 10th
- Business Wire•11 days ago
EA Announces Partnerships to Publish Three New Independent Games
Today, Electronic Arts Inc. (EA) and partners Zoink Games, Glowmade and Hazelight Studios announced three new promising and independent development projects coming to consoles and PC. Lost in Random is Zoink’s next game after releasing the stunning Fe, offering a unique spin on puzzles and combat. RustHeart is Glowmade’s EA Originals debut where players can forge an endearing friendship with a courageous robot hero.
