Electronic Arts EA reported its Q2 earnings results on Wednesday, November 3, 2021 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
Electronic Arts their estimated earnings by 35.04%, reporting an EPS of $1.58 versus an estimate of $1.17, which surprised analysts.
Revenue was up $700,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17, which was followed by a 2.17% drop in the share price the next day.
Here's a look at Electronic Arts's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.62 | 1.05 | 2.96 | 0.02 |
EPS Actual | 0.79 | 1.23 | 3.06 | 0.05 |
Revenue Estimate | 1.28B | 1.39B | 2.39B | 971.34M |
Revenue Actual | 1.34B | 1.49B | 2.40B | 1.15B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Electronic Arts management provided guidance for their next quarter, expecting earnings between $1.1 and $1.1 per share for the nextquarter.
This represents a -30.38% in quarter-over-quarter growth for Electronic Arts, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.