$EA Stock Update

 

EA is unfortunately down some 25% over quarter, however the club is still up 43%.

Earning are going to be released on Oct 30th, which they are expected to beat. EA has topped estimates by 173.62%, on average, in the last two quarters ($0.26 compared to $0.06 per share and $1.15 compared to $1.31 per share).

EA announced it was delaying the release of Battlefield V by a month to Nov. 20, thereby lowering its full-year guidance as a result. The delay will push a portion of the game’s expected revenue out of fiscal 2019 (which ends in March) and into fiscal 2020. As a result, fiscal 2019 net bookings — a non-GAAP number that accounts for physical and digital sales of games and other services  is expected to be $5.2 billion instead of the previous guidance for $5.55 billion.

Electronic Arts released FIFA 19 on September 28, the latest in its hugely popular football series. EA will hope that FIFA 19 will benefit due to a successful World Cup

EA recently announced that The Sims 4 Get Famous expansion pack will be launched on PC and Mac on Nov 16. It will feature new careers and lavish lifestyles.

Hold EA. I am interested in how earnings will play out for EA at the end of the month

EA-Oct

 

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