ONLINE FOREX BROKER
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 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.
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
