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The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
2023-03-09 • Updated
Electronic Arts will post the earnings data on Wednesday at 00:00 MT time (after the market closes).
Analysts expect EPS at 2.95 and revenue at $2,386. The chart below shows us that the expectations are higher compared to the previous two years. Looks impressive, right?
Sourced by: Estimize
The EA’s stock has been recently added to the FBS MT5 terminal. Let’s see what’s so interesting about this company and its stock, and how you can take advantage out of its financial results.
Electronic Arts, or simply EA, is a famous American videogame producer. It is the second-largest gaming company in the United States and Europe by revenue and market capitalization after Activision Blizzard. Its top games are Battlefield, Need for Speed, The Sims, Medal of Honor, Command & Conquer, Dead Space, and many more. The company is included in NASDAQ and S&P500. As we can see, there are plenty of reasons to trade the stock of EA now. Let’s look at its fundamental background in more detail.
The company survived the pandemic pretty well amid increased demand for games. It has jumped from its pre-Covid levels of around $110 to the all-time high of $150. The company benefited from in-game spending and more subscriptions that helped it to initiate its first dividend at the end of 2020.
Another positive factor is the launch of Xbox X by Microsoft. You may wonder what this news has to do with Electronic Arts. The thing is, the new Xbox’s cloud gaming Xbox Game Pass Ultimate provides access to EA Play – a platform with dozens of games from EA's catalog, including, but not limited to FIFA 20 and Madden. EA Play currently represents a small part of the game developer's business. At the same time, it's one of the most perspective factors for a long-term investment.
As for new games, the company plans to launch at least six of them on the Xbox Series X and PlayStation 5. We expect a new Battlefield and Need for Speed to be among them.
The fundamental outlook is glowing, but what about the technical picture? After reaching the all-time high of $150 last week, the stock was driven down by the selling pressure in the stock market. On Friday, it bounced off the ascending trendline but the upside momentum was limited by the $144 level. If the earnings outperform forecasts from Wall Street, the stock will break the resistance at the $144 level and aim to retest the high of $150. Alternatively, we expect a plunge towards $136.4 with the following breakout to $130.
You can also trade EA’s stock with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time).
Don't know how to trade stocks? Here are some simple steps.
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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