Why did EA's stock drop over 5%?
Online rumors of a game delay caused the stock price to go down. Today's video focuses on Electronic Arts ( NASDAQ:EA) and how its stock price dropped over 5% on Sept. 15, on rumors that its Battlefield game was going to be delayed.
Should you buy Electronic Arts (EA) stock?
Electronic Arts has received 77.63% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about Electronic Arts and other stocks. Vote “Outperform” if you believe EA will outperform the S&P 500 over the long term.
What are Electronic Arts'stock price targets for next year?
24 brokers have issued 12 month price targets for Electronic Arts' shares. Their forecasts range from $142.00 to $194.00. On average, they anticipate Electronic Arts' stock price to reach $167.13 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
How much of Electronic Arts'stock is owned by insiders?
In the past three months, Electronic Arts insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,684,870.00 in company stock. Only 0.65% of the stock of Electronic Arts is held by insiders. 88.97% of the stock of Electronic Arts is held by institutions.
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Why did EA share price drop?
Its share price declined by as much as 15% this year over fears of a slowdown in consumer spending, poor reports from competitors like Activision Blizzard (NASDAQ: ATVI), and worries about how the company's comparative results would look as it lapped periods when the pandemic was boosting the amount of time people ...
Is EA a good stock to buy now?
The financial health and growth prospects of EA, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Is EA in financial trouble?
Based on the latest financial disclosure, Electronic Arts has a Probability Of Bankruptcy of 1.0%. This is 98.06% lower than that of the Communication Services sector and significantly higher than that of the Electronic Gaming & Multimedia industry.
What is happening with EA?
As we warned in October 2021, the divorce of EA and FIFA has come into fruition. EA's FIFA series has been rebranded to EA Sports FC and FIFA (the organisation) is taking its brand away to expand on the games opportunity more effectively (at least, so it believes). FIFA 23 will be EA's last release under that name.
Will EA shares go up?
Stock Price Forecast The 29 analysts offering 12-month price forecasts for Electronic Arts Inc have a median target of 155.00, with a high estimate of 188.00 and a low estimate of 114.00. The median estimate represents a +23.38% increase from the last price of 125.63.
Is EA stock undervalued?
After an 8% fall year-to-date, at the current levels we believe Electronic Arts stock (NYSE: EA) looks undervalued. EA stock fell from around $135 in early January to under $125 now. The YTD 8% fall for EA is much better than the -20% returns for the broader S&P500 index.
Which is better CPA or EA?
An EA is the highest credential the IRS awards. A professional with this designation typically makes between $15,000 and $20,000 more than CPAs annually. You'll want to seek out an EA for any and all tax-related issues. In fact, the IRS says they are uncontested experts on such topics.
Who is EA owned by?
Electronic ArtsThe EA headquarters building at Redwood City, California in May 2011FounderTrip HawkinsHeadquartersRedwood City, California , USArea servedWorldwideKey peopleAndrew Wilson (CEO and chairman) Laura Miele (COO) Chris Suh (CFO)14 more rows
How many enrolled agents are there?
12,700 activeHow many enrolled agents are in California? Currently, there are 12,700 active EAs in the state of California.
Is EA losing FIFA?
The FIFA soccer video game that gamers have enjoyed for years will disappear after its maker failed to strike a new licensing deal with world soccer's governing body. Electronic Arts Sports will instead introduce a new game — EA Sports FC — for 2023.
Why is FIFA leaving EA?
EA Is No Longer Allowed To Use 'FIFA' For Its Video Game Titles. With EA and FIFA going their separate ways after failing to agree on terms of a renewed contract, EA is now forbidden to use any 'FIFA' branding.
Are EA and FIFA splitting?
Despite the odd timing of these reports, EA claims that these recent cuts aren't related to its split with FIFA. "The changes in our customer support function are not tied to any one gaming franchise, nor are they connected to our EA SPORTS FC announcement last week," EA officials told Kotaku in a statement.
Is EA stock a buy or sell?
Electronic Arts has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Is Ttwo a good stock to buy?
Out of 20 analysts, 8 (40%) are recommending TTWO as a Strong Buy, 8 (40%) are recommending TTWO as a Buy, 4 (20%) are recommending TTWO as a Hold, 0 (0%) are recommending TTWO as a Sell, and 0 (0%) are recommending TTWO as a Strong Sell. What is TTWO's earnings growth forecast for 2023-2025?
What is EA's first quarter 2022?
Who bought Playdemic?
Electronic Arts' (EA) first-quarter fiscal 2022 results reflect strength in live services and full-game revenues, as well as strong performance of Mass Effect Legendary Edition, and It Takes Two. Motley Fool • 18 days ago.
What is fair value in accounting?
News came out on June 23 that video game conglomerate Electronic Arts (NASDAQ: EA) is planning to buy mobile studio Playdemic from Warner Media. The deal is a part of the Warner Media-Discovery merger that was announced a few weeks ago. Here's what investors need to know about the deal, and what it could mean for the company going forward.
Is GameStop a meme?
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Is Electronic Arts a non-GAAP company?
GameStop (NYSE: GME) has become a viable turnaround candidate despite its meme stock status. Despite several activist investors sniffing around the dying carcass, the chances were high that GameStop was little more than a cigar-butt stock, an investment that had a few more puffs left to it before it got stubbed out. GameStop's stock also began to surge, leading to an unprecedented epic battle between hedge funds and retail investors.
Is FIFA a part of EA?
Video-game maker Electronic Arts (NASDAQ: EA) delivered record results for its latest fiscal quarter ended Sept. 30 with bookings (a non-GAAP measure of revenue) doubling over the same quarter a year ago. Sports can be a very attractive market for video game companies, but only a few are licensed to create content based on professional leagues. What's so attractive about these games is that players tend to keep coming back, given the dedicated fan bases across major sports leagues.
What is the EA symbol?
This is noteworthy because FIFA video games are a very big part of Electronic Arts' (NASDAQ: EA) business. Watch until the end to hear why he believes this announcement could be good news for Sea Limited (NYSE: SE) and Activision Blizzard (NASDAQ: ATVI).
What is the P/E ratio of Electronic Arts?
Electronic Arts trades on the NASDAQ under the ticker symbol "EA."
What is the official website for Electronic Arts?
The P/E ratio of Electronic Arts is 46.08, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.04.
What is Electronic Arts?
The official website for Electronic Arts is www.ea.com.
What is the earnings per share for Electronic Arts 2022?
Electronic Arts, Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Anthem, Need for Speed, and Plants v. Zombies brands; and license games, including FIFA, Madden NFL, and Star Wars brands. The firm also provides advertising services; licenses its games to third parties to distribute and host its games. It markets and sells its games and services through digital distribution channels, as well as through retail channels, such as mass market retailers, electronics specialty stores, and game software specialty stores. The company was founded by William M. Hawkins III and William Gordon in 1982 and is headquartered in Redwood City, CA.
When will Electronic Arts release its earnings?
The company provided earnings per share guidance of $6.400-$6.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.380.
Is Electronic Arts a buy or sell company?
Electronic Arts is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021. View our earnings forecast for Electronic Arts.
