Electronic Arts (EA)

Re: Electronic Arts (EA)

Postby winston » Sun Jul 07, 2019 5:54 pm

vested

Shares of Electronic Arts (NASDAQ:EA) made a really negative development this week.

On the plus side, the stock held up at long-term range support near $90.

On the downside though, range resistance at $105 is still in place, while EA also fell through its 10-week, 50-week and 200-week moving average during the week.

Until proven wrong, though, bulls can buy on dips down toward $90 and sell on rallies up to $105.

A breakout or breakdown from either level would negate that setup.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Mon Jul 08, 2019 8:18 pm

vested

EA can't meet high expectations

Shares of Electronic Arts lost nearly 5%.

Reports about the video game company's latest release earlier this week of the second season of its hit Apex Legends, suggested that the new installment hadn't been able to live up to all the hype that had surrounded the game.

Some analysts noted that unlike hits like rival Fortnite, Apex Legends hasn't yet demonstrated its ability to succeed in a cross-platform environment.

Problems with another title also plagued EA but other video game companies also saw declines, suggesting that at least some of the negative sentiment has to do with worries about the industry more broadly.

Source: Motley Fool
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Fri Jul 12, 2019 9:50 pm

vested

'Apex' engagement driving EA upside - Piper

by Brandy Betz

Piper Jaffray analyst Michael Olson says EA's (NASDAQ:EA) new season of Apex Legends has largely in-line player engagement numbers.

Olson is now more confident in EA's ability to hit its $300-400M guidance range for Apex in FY20.

The analyst calls EA's overall FY20 outlook as "somewhat conservative, with limited downside risk." He sees potential FY20 upside from Apex Legends, FIFA Ultimate Team and Star Wars Jedi: Fallen Order.

Piper maintains an Overweight rating and $115 price target. EA has an Outperform average Sell Side rating.

Source: Seeking Alpha

https://seekingalpha.com/news/3477409-a ... email_link
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Fri Jul 12, 2019 9:55 pm

vested

Electronic Arts: Don't Flip Out

Summary

EA is back trading at recent lows due to disappointing metrics from Apex Legends.

The video-game developer needs a strategy around mobile in order to drive bookings growth.

The stock trades near forward P/E multiple lows, but the risk of hitting yearly lows near $74 still exist.

Source: Seeking Alpha

https://seekingalpha.com/article/427464 ... -arts-flip
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Fri Jul 19, 2019 4:54 pm

vested

EA Stock Drops on Loss of Ronaldo in FIFA 20

by Brad Moon

As of last fall, FIFA games had sold a total of 260 million copies worldwide, making it the best-selling sports game of all time.

In addition, the mobile version had been installed 193 million times. With those kind of numbers, it’s safe to say that soccer is a big deal for EA stock.

That importance came into focus on Tuesday. Electronic Arts announced that it had lost the rights to use Juventus — an Italian soccer club — in the next version of its game, FIFA 20.

As a result, Electronic Arts stock tumbled, losing as much as 4% on the day before recovering slightly to close down 3%.

The reason for the market reaction is that Cristiano Ronaldo plays for Juventus, and Ronaldo happens to be one of the — if not the — most popular professional soccer players in the world.

EA’s next FIFA game will be missing its star player, the guy that was on the game cover for the past two versions.

The timing also means that Electronic Arts will need to scramble to scrub Juventus from FIFA 20 prior to its scheduled September 27 release.

The company that signed the Juventus deal that hit EA stock was Japan’s Konami.

Konami publishes a video game franchise called Pro Evolution Soccer (or PES) that competes against EA’s FIFA series. But PES has never had the kind of numbers FIFA scored.

Last summer, it was estimated that latest version of FIFA had been outselling its PES counterpart by close to an 18 to 1 margin.

When it was announced that Konami had signed Juventus — stealing the club from Electronic Arts — it was headline news, especially in Europe where soccer rules and the vast majority of EA’s FIFA sales are generated.

Ronaldo has been on the cover of the past two FIFA games, but this year one of soccer’s most recognizable stars will instead be gracing the cover of PES 2020. That’s going to turn this fall’s annual competition between FIFA and PES into a more interesting match.

And an interesting match is not what you want if you own EA stock. The company said in a May securities filing that FIFA games represent 14% of its total net revenue.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Tue Jul 30, 2019 2:11 pm

vested

EA's weak start to year

Electronic Arts is likely to report lower profit and sales when it reports first quarter earnings on Tuesday.

The publisher of "Apex Legends," ''FIFA19" and other video games has forecast full year sales of $5.38 billion and profit of about $8.56 a share.

Analysts surveyed by FactSet predict EA made only 1 cent a share in the April to June quarter.

Source: Yahoo Finance
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Wed Jul 31, 2019 8:13 am

vested

EA +1.8% as bookings beat, tax benefit assists profits

By: Jason Aycock

Electronic Arts (NASDAQ:EA) is up 1.8% postmarket after topping revenue expectations in its fiscal Q1 report, though profits fell short of the bar.

Bookings as reported ticked down; digital net bookings for the trailing 12 months rose 5%, to $3.73B (76% of total net bookings).

Net revenue breakout: Product, $166M (down 17.8%); Service and other, $1.04B (up 11.6%).

Net cash from operations was $158M ($1.585B for trailing 12 months).

A number of tax events occurred during the quarter (including those around EA's Swiss subsidiary) that lead the company to recognize a benefit for Q1, Q2 and the full year.

That led net income to swing to $1.421B from a year-ago $293M. The company recognized $1.08B of the income tax benefit during the quarter.

For Q2, it's guiding to net bookings of $1.23B, with net income of $776M ($620M coming from income tax benefits).

For the full year, it expects net bookings of $5.1B and net income of $2.795B (about $1.7B of that coming from the income tax benefits).

Source: Seeking Alpha

https://seekingalpha.com/news/3483810-e ... email_link
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Wed Jul 31, 2019 5:19 pm

vested

Electronic Arts stock rises after revenue tops consensus estimates

By Max A. Cherney

Videogame company gets boost from income-tax benefits

Electronic Arts Inc. shares rose more than 4% in the extended session Tuesday, after the company beat expectations for sales and recognized a $1.7 billion on-paper tax benefit.

The videogame company reported fiscal first-quarter net income of $1.42 billion, or $4.75 a share, compared with $293 million, or 95 cents a share, in the year-ago period.

Revenue rose to $1.21 billion from $1.14 billion in the year-ago period.

Due to three events during the quarter — one of which was a Ninth Circuit Courts of Appeals decision on stock-based compensation — EA said it will recognize a $1.7 billion tax benefit, or $5.61 a share during fiscal 2020.

It said it will recognize $1.08 billion in the fiscal first quarter and the remaining $620 million after a referendum altering Swiss tax rates is enacted.

EA reported net bookings of $743 million, versus $749 million in the year-ago period. Bookings are a common financial figure used by videogame companies that take into account both physical and digital sales. Bookings are not a part of U.S. generally accepted accounting principals.

Analysts surveyed by FactSet had estimated adjusted earnings of a penny a share on bookings of $721 million.

For the fiscal second quarter, analysts model adjusted earnings of 90 cents a share on bookings of $1.24 billion.

“We had a strong start to [fiscal 2020], bringing rich new experiences to our growing communities for ‘Apex Legends,’ EA Sports, ‘The Sims’ and more,” Chief Executive Andrew Wilson said in a statement.

“From great new games to live services with longevity, subscriptions on more platforms and competitive gaming for more franchises, we’re pushing to lead with innovation, quality and choice for our players.”

EA said it expects second-quarter earnings of $2.60 a share on net bookings of $1.23 billion. The company said its second-quarter estimate includes $2.08 a share of income tax benefits.

For fiscal 2020, EA said it expects earnings of $9.22 a share on net bookings of $5.1 billion. Of the $9.22 a share, EA said that $5.61 would be due to income tax benefits.

Electronic Arts EA, -0.34% stock has gained 12.2% this year, with the S&P 500 index SPX, -0.26% rising 20.5%.


Source: Market Watch

https://www.marketwatch.com/story/elect ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Thu Aug 01, 2019 10:50 am

Sold

EA’s latest numbers should ‘take the edge off,’ says analyst

By Emily Bary

Analysts say there were expectations that the company would have to slash its forecast, but management held steady

EA has been a popular hedge-fund short lately, according to Bernstein analyst Todd Juenger, on expectations that the videogame publisher would have to cut its full-year forecast.

Heading into EA’s Tuesday afternoon earnings report, there were concerns that Apex Legends Season 2 wasn’t performing well.




Source: Market Watch

https://www.marketwatch.com/story/eas-l ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

Re: Electronic Arts (EA)

Postby winston » Thu Aug 01, 2019 9:53 pm

not vested

Electronic Arts' Valuation Is Out Of Touch With Its Financials And Prospects

Summary

Electronic Arts reported a solid Q1 FY20.

It is a leader in a secular growth industry. The company has a very bright future. It combines attractive prospects with healthy financials.

Electronic Arts’ valuation is out of touch with its financials and prospects.

We strongly recommend buying Electronic Arts shares and think that continued growth will result in significant price appreciation.

We expect, as is rumored, the company to make several positive announcements in Gamescom 2019 (20th-24th Aug).

We’re expecting details on upcoming releases like Need for Speed, Fallen Order, and FIFA 20 and further updates on other issues discussed in the earnings call.

We think that this event will be a positive with management restating its confidence in pre-announced sales guidance and it painting a picture of a busy backlog of releases.


Source: Seeking Alpha

https://seekingalpha.com/article/428005 ... -prospects
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 105030
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to E to K

Who is online

Users browsing this forum: No registered users and 1 guest