Electronic Arts (EA)

Re: Electronic Arts (EA)

Postby winston » Sat Jun 08, 2019 5:11 am

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Citi sees EA as fairly valued

By Jason Aycock

While videogame-industry eyes this week have been on Google's Stadia launch, an initiation of Activision Blizzard (ATVI +3.1%) and Electronic Arts (EA +1.6%) by Citi finds both companies fairly valued.

Analyst Jason Bazinet has started both companies at Neutral, joining about a dozen other firms in the minority there (about two dozen rate them Buys).

EA can meet bookings expectations now and through 2020, he writes, while any outperformance from an expected $435M in Apex Legends bookings will positively drive the share price. The company should have $6.7B in cash by 2022, he adds.

As for Activision, bookings forecasts look reasonable and he expects the prospect of Diablo IV being released in late 2020 instead of 2021.

Bazinet's waiting to see more business model details on cloud gaming platforms at Google, Microsoft and Amazon before sorting out any risk to game publishers.

He's set a price target of $102 on EA (vs. current $97.90) and a target of $47 on Activision Blizzard (vs. current $45.45).

Source: Seeking Alpha

https://seekingalpha.com/news/3469911-c ... rly-valued
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Re: Electronic Arts (EA)

Postby winston » Tue Jun 11, 2019 7:39 am

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EA Successfully Proves Itself As A Value Investment With Hidden Growth Opportunities

by Roman Luzgin


Summary

EA has recently reported its quarterly results, beating across the board.

Despite the fierce competition and several missteps, EA managed to maintain its financial stability and deliver positive surprise to investors.

The publisher's Games-as-a-Service strategy ensures steadily growing cash flows and stable earnings.

Several promising events like a launch of Apex on mobile and in China can boost the stock significantly. The events are not modelled in the current forecasts.

This provides a valuable buying opportunity with a target price of $120 by the end of FY 2020.

Catalysts
1. The first major point here is the inevitable launch of Apex Legends on mobile.
2. EA is currently negotiating the deal to get Apex to the Chinese market.
3. FY 2020 will see a new Star Wars game by Respawn Entertainment, a critically acclaimed studio behind Titanfall and Apex Legends and
4. The first full year of EA access, a game subscription service, on all platforms, including PlayStation 4.


Source: Seeking Alpha

https://seekingalpha.com/article/426947 ... ortunities
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Re: Electronic Arts (EA)

Postby winston » Tue Jun 11, 2019 8:17 am

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EA draws positives for E3 reveal of 'Star Wars,' 'Apex Legends' news

By Jason Aycock

One of the highest-stakes presentations at this year's E3 gaming expo is Electronic Arts' (EA -1.1%) EA Play, which kicked off this weekend with generally positive reactions to the company's slate.

That included a key title, Star Wars Jedi: Fallen Order, that's seeing reviews that "skew decidedly positive," according to SunTrust's Matthew Thornton.

EA released its first gameplay trailer for the game at its event.

"We thought the game content was a nice departure from [Star Wars] Battlefield, and possibly good enough to get Star Wars fans to try the game," BofA Merrill Lynch wrote.

EA also offered annual sports updates (including FIFA, Madden and NHL 20), but most important to BofA was news of new content for Apex Legends via its season 2, Battle Charge, launching July 2 with a new character, weapon and challenges along with improvements to existing weapons/challenges.

"While we believe some gamers were looking for more than one new weapon and legend, early reviews on [new legend] Wattson are positive, and we believe new missions, gameplay styles and more content could help to reaccelerate engagement," the firm says.

July 2 will be important "given concerns on EA’s ability to achieve the $300M-400M in Apex revenue included in FY20 guidance."

Suntrust Rates EA buy with a price target of $107, while BofAML rates it a Buy with a target of $118, implying 23% upside.

Source: Seeking Alpha

https://seekingalpha.com/news/3470170-e ... email_link
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Re: Electronic Arts (EA)

Postby winston » Fri Jun 14, 2019 2:55 pm

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Electronic Arts (EA)

On May 17, the Wedbush'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.

Source: TipRanks
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Re: Electronic Arts (EA)

Postby winston » Wed Jun 19, 2019 8:16 am

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Bulls Are Dead Wrong About Electronic Arts

by WY Capital

Summary
Anthem is pretty much a dead game.
Apex Legends is a massive disappointment.
EA's growth is likely to be over.
A lower stock price for EA is pretty much guaranteed.

Investors don't get Electronic Arts(EA). Despite what we believe are significant and continued deterioration in its fundamentals, the stock has remained flat since our first article.

All of EA's recent projects have been massive failures yet investors continue to hope that there will be a successful game sometime in the future. There continue to be massive holes in the bull case, and we believe EA stock is due for another major decline.

EA has been trying to capture the non-sports games market for years now, given their low market share and large sizes of these markets. Their strategy worked for a while, but now that they have chosen to excessive monetize their games, players have fled most of their non-sports franchises.

Despite strong performance from their sports segment, their overall results have been disappointing due to continued declines in their non-sports segment.


Star Wars: Jedi Fallen Order will have no multiplayer and no microtransactions, which means no live service revenues. Even with 7-8mil sales, as EA is projecting, which we think are a tad optimistic, overall revenues for this new release is likely going to be far lower than from Anthem.


Investors need to realize that EA's earnings are more unstable than they realize - even a P/E of 20 can be high if earnings are going to decline significantly. We continue to believe investors should sell EA.


Source: Seeking Alpha

https://seekingalpha.com/article/427085 ... ronic-arts
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Re: Electronic Arts (EA)

Postby winston » Wed Jun 19, 2019 11:47 am

3 Reasons to Believe in the Contrarian Case for EA Stock

by Josh Enomoto

1. Management Can Fix What Went Wrong
2. Apex Legends Delivers the Goods for EA Stock
3. Love It or Hate It, EA Owns Sports Gaming


Source: Investor Place

https://finance.yahoo.com/news/3-reason ... 46077.html
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Re: Electronic Arts (EA)

Postby winston » Wed Jun 19, 2019 9:14 pm

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Electronic Arts Is Poised For Growth Despite Apex's Weakness

by Bohdan Kucheriavyi

Summary

Despite the initial success of Apex Legends, the game’s revenues have started to decline as momentum fades.

Nevertheless, Electronic Arts had a strong performance in FY19 and it expects to make ~$5.38 billion in net bookings by the end of FY20.

In Q3, Electronic Arts will release its major titles of the year that are expected to bring more than 30% of the annual revenues.

Live services net bookings were a record $2.41 billion, up 10 % year-on-year, which accounted for nearly half of the overall bookings of $4.94 billion.

Also, more than 45 million unique users played games from the FIFA franchise on PC and console during the year, while 100 million additional players tried the company’s mobile and free-to-play versions of the game.

When it comes to Apex Legends, the story doesn’t look as good as it was a few months ago. According to SuperData, the title’s revenues declined by 74% to $24 million in April against $92 million in February.


Source: Seeking Alpha

https://seekingalpha.com/article/427097 ... s-weakness
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Re: Electronic Arts (EA)

Postby winston » Tue Jun 25, 2019 5:52 am

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EA +2.6% as Stephens calls it best idea

By Jason Aycock

Stephens has made Electronic Arts (EA +2.6%) a "best idea" with the key catalyst the upcoming launch of Apex Legends season 2.

"Fortnite's popularity has hit a lull," analyst Jeff Cohen says of the battle-royale genre's leader, and EA's new season is "launching at the right time to capture momentum."

The new season could generate $150M in revenue in a bull-case scenario, he says.

Sell-side analysts on average rate EA an Outperform and the stock has a Quant Rating of Bullish, though Seeking Alpha authors are Neutral on average.

Source: Seeking Alpha

https://seekingalpha.com/news/3473270-e ... -best-idea
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Re: Electronic Arts (EA)

Postby winston » Sat Jun 29, 2019 5:28 pm

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4 Reasons To Own Electronic Arts Again

by James Brumley


Summary

The EA of today isn’t the misguided EA from a year ago.

Several game launches planned for the near future could drive sales and earnings beats.

The game industry is on the verge of a handful of major evolutions that should boost EA.

1. Console-Palooza 2020
2. Mainstreaming Streaming
3. Independent Partners
4. Catalysts Galore


Source: Seeking Alpha

https://seekingalpha.com/article/427275 ... ronic-arts
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Re: Electronic Arts (EA)

Postby winston » Tue Jul 02, 2019 7:46 pm

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'Apex Legends' reaction drives EA PT boost

Jul. 2, 2019

By Brandy Betz

BMO maintains an Outperform rating on Electronic Arts (NASDAQ:EA) and raises the target from $116 to $130.

Analyst Gerrick Johnson cites "increased confidence" EA will top FY20 expectations "owing to positive reaction to Apex Legends season 2 previews."

Johnson says sentiment is "depressed" and that the valuation "looks compelling."

EA has an Outperform average Sell Side rating.

Source: Seeking Alpha

https://seekingalpha.com/news/3475211-a ... email_link
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