Electronic Arts (EA) is scheduled to report its Q2 2019 results on Tuesday, Oct 30. The gaming giant now expects GAAP revenues of $1.27 billion with net bookings at $1.16 billion. Despite a 5% price dip in 2018, it might be a better idea to wait some more to invest in the stock.
By July end, EA announced its plan to move to recurring subscriptions slowly. Analysts are yet to see potential to increase customer numbers through this Netflix (NFLX) subscription-based monetization model.
When Electronic Arts posted last quarterly results in July beating earnings estimates, top franchise titles such as Fifa Online, SimCity, The Sims, and Battlefield, performed well.
On Sep 5, EA launched NBA Live Mobile on Sep 5 and it is expected to add to the growing mobile revenues, which make about 20% of total revenues. Revenues from mobile soared 37% to $231 million in the last quarter.
The new releases of NBA LIVE 19 and NHL 19 in the second quarter is also expected to add to the revenues.
But EA has kept its earnings estimates for the whole year the same, hinting an expecting drop in the coming quarters.
Adding to it, EA posted slowing mobile revenue growth, especially when the global mobile games market is growing at least 25% annually. Rival Activision Blizzard (ATVI), however, seemed to have capitalized on the market trend.
Long-term investors of EA are likely to wait for the quarterly results on Monday, especially to the balance sheet.
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus