$GOOG $GPCO $EA a nice slow uptrend would be beautiful for a multi day runner to keep going
G
I don't think that EA has another 10% in gains in it. Looks pretty bad here. I actually found (http://Achieverspot.tech) the other day and their stocks are way better...
So much overbought and overvalued. P/E 50, what am I missing in this company. It is not that they are doing rocket science product... meh
C
PT $85
F
bought this at $78 on the gap up to $90 when Apex leaked in after hours back in Feb 2019... please someone buy it for $150. then make NCAA Football.
P
Peg ratio of more than 21? Anybody considering borrowing shares from their broker and selling them? Than buy back later when this is cheaper.
F
Is $150 by July a strong possibility?
B
RBLX I believe will become a major player in the Metaverse, not just games but overall.
R
so apparently Comcast tried to spin off NBCUniversal and merge it with EA but the talks fall apart last month because they didn't agree on pricing and structure Comcast chairman wanted to keep him and his family would hold majority control over the combined company. Source:Pucknews
I
thanks Apex Legends.
S
Recession is a very good news for $NFLX $EA and terrible for $M $CAKE
M
Is this stock recession proof? Get ready for $93 kids.
C
EA trying to sell at the top but it’s too late.
g
As usual, my predictions for ER today:
1. Revenue will show a healthy beat, driven by Covid-19 stay at home and based on live services, mainly FIFA, Madden, The Sims and Apex Legends, and further boosted by a weakening US dollar. I also expect that subscription services saw a nice uptick and perhaps EA will share some figures. Full game sales will probably have contributed only modestly to a revenue beat, since no new games were released this quarter and any lingering sales of Fallen Order, NFS Heat, FIFA 20 and Madden 20 were discounted. Would be interesting, though, to see if EA will share sales figures from their renewed partnership with steam.
2. EPS will show a modest beat. Typically EPS is where EA was beating estimates hard, sometimes by orders of magnitude, however, they recently suspended their stock buyback programs and as long as these remain on-hold, major EPS beats will be harder to pull-off.
3. Apropos stock buybacks. This will be one of the major announcements to look for. If EA renews its programs, it would go a long way in showing confidence in their continued massive free cashflow of recent years, despite Covid-19. If they opt out, or postpone their decision, that could be a yellow flag. Another option is for them to replace stock buybacks with dividends, but as this would be a major policy change, it’s highly unlikely.
4. Mobile will finally get some attention this ER. For years, mobile has been the black sheep at EA, barely mentioned nor discussed and certainly nothing be proud of, with stagnating revenues and barely any new content. However, with Apex Mobile all but confirmed, and a newly-hired mobile division SVP, it seems EA may finally be getting serious about its mobile business. Very interesting to hear of any future plans, especially in acquisitions.
5. New title announcements? Obviously, EA revealed quite a few titles at EA Play, and then followed-up with UFC 4, still I have a feeling they’re not done and there may be additional reveals coming this fiscal, though perhaps not this ER.
6. Future guidance. As usual, this is what the post-ER stock price action will reflect. While a Q1 beat could drive a nice AH rally, it could soon flatten-out or worse, if future guidance fails to excite. EA rarely raises full-year guidance this early in the year, but they’re very likely to now, especially since their CFO literally spelled this out during EA Play. But, by how much? With the stock hanging close to its 52 week high and only 10% from its all-time high, it may take more than a slight guidance increase to reach new highs. I’d like to see revenue raised by at least 2%-3% or around $100M-$200M, but knowing how conservative EA management is, I think it’s more likely they’ll raise by 1% or less. If that happens, a post-ER rally may be tricky to sustain.
1. Revenue will show a healthy beat, driven by Covid-19 stay at home and based on live services, mainly FIFA, Madden, The Sims and Apex Legends, and further boosted by a weakening US dollar. I also expect that subscription services saw a nice uptick and perhaps EA will share some figures. Full game sales will probably have contributed only modestly to a revenue beat, since no new games were released this quarter and any lingering sales of Fallen Order, NFS Heat, FIFA 20 and Madden 20 were discounted. Would be interesting, though, to see if EA will share sales figures from their renewed partnership with steam.
2. EPS will show a modest beat. Typically EPS is where EA was beating estimates hard, sometimes by orders of magnitude, however, they recently suspended their stock buyback programs and as long as these remain on-hold, major EPS beats will be harder to pull-off.
3. Apropos stock buybacks. This will be one of the major announcements to look for. If EA renews its programs, it would go a long way in showing confidence in their continued massive free cashflow of recent years, despite Covid-19. If they opt out, or postpone their decision, that could be a yellow flag. Another option is for them to replace stock buybacks with dividends, but as this would be a major policy change, it’s highly unlikely.
4. Mobile will finally get some attention this ER. For years, mobile has been the black sheep at EA, barely mentioned nor discussed and certainly nothing be proud of, with stagnating revenues and barely any new content. However, with Apex Mobile all but confirmed, and a newly-hired mobile division SVP, it seems EA may finally be getting serious about its mobile business. Very interesting to hear of any future plans, especially in acquisitions.
5. New title announcements? Obviously, EA revealed quite a few titles at EA Play, and then followed-up with UFC 4, still I have a feeling they’re not done and there may be additional reveals coming this fiscal, though perhaps not this ER.
6. Future guidance. As usual, this is what the post-ER stock price action will reflect. While a Q1 beat could drive a nice AH rally, it could soon flatten-out or worse, if future guidance fails to excite. EA rarely raises full-year guidance this early in the year, but they’re very likely to now, especially since their CFO literally spelled this out during EA Play. But, by how much? With the stock hanging close to its 52 week high and only 10% from its all-time high, it may take more than a slight guidance increase to reach new highs. I’d like to see revenue raised by at least 2%-3% or around $100M-$200M, but knowing how conservative EA management is, I think it’s more likely they’ll raise by 1% or less. If that happens, a post-ER rally may be tricky to sustain.