What Analysts Think Of EA's Earnings Beat

After the market closed on Tuesday, Electronic Arts Inc. EA reported its second quarter 2015 financial results.

The company reported EPS of $0.73 per share, beating estimates by $0.20 per share. Most notably, EA also raised fiscal 2015 guidance. Following the results, analysts offered commentary on the company.

Brean Capital, for one, reiterated its Buy rating and raised its price target on EA to $43 from $40. Brean analysts feel the company’s digital revenues will provide growth moving forward.

"We believe EA will see 26 percent growth in F3Q15 digital revenue, underpinned by Ultimate Team and an expanded mobile slate. This should drive a 300 b.p. increase in gross margin to 71 percent versus the same quarter last year," they said.

MKM Partners, meanwhile, maintained a Neutral rating and raised its price target to $41 from $40. Despite EA's decision to hike estimates, MKM analysts reported: “[N]ews that FY16 will not have a new Battlefield release raised growth concerns and resulted in the give back of all after-market gains.”

Shares of EA closed Wednesday’s session at $38.91, up 3.8 percent.