$EA Stock Update

EA-Aug

EA has had a sold performance over the past month, up some 8%. Earnings highlights from July 27 included:

  • EPS at $0.31 (beating estimates of $0.27)
  • Beat first-quarter revenue estimates (rising demand for its popular titles including “Battlefield 1” and “The Sims”
  • Forecast current-quarter revenue $1.16 billion slightly below expectations of $1.18 billion

Earnings for Q1 are historically only about 10% of the annual earnings. Below is a visual depiction of this:

EA Earnings

Upcoming game releases:

  • “FIFA 18” on Sept. 29
  • “Madden NFL 18” on Aug. 25

My sentiment is to HOLD EA

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