For the quarter ended September 2024, Digital Arts (EA) reported income of $2.08 billion, up 14.2% over the identical interval final 12 months. EPS got here in at $2.15, in comparison with $1.46 within the year-ago quarter.
The reported income represents a shock of +2.40% over the Zacks Consensus Estimate of $2.03 billion. With the consensus EPS estimate being $2.03, the EPS shock was +5.91%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s value efficiency.
Right here is how Digital Arts carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Web Bookings: $2.08 billion in comparison with the $2.03 billion common estimate primarily based on seven analysts.
- Web income by composition- Reside companies and different – Non-GAAP (Web Bookings): $1.25 billion versus $1.07 billion estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +10.5% change.
- Web income by composition- Full recreation downloads – Non-GAAP (Web Bookings): $832 million versus $501.90 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +124.9% change.
- Web income by composition- Packaged items – Non-GAAP (Web Bookings): $545 million in comparison with the $379.53 million common estimate primarily based on 4 analysts. The reported quantity represents a change of +69.8% 12 months over 12 months.
View all Key Company Metrics for Electronic Arts here>>>
Shares of Digital Arts have returned +0.5% over the previous month versus the Zacks S&P 500 composite’s +1.7% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
Analysis Chief Names “Single Finest Choose to Double”
From hundreds of shares, 5 Zacks consultants every have chosen their favourite to skyrocket +100% or extra in months to return. From these 5, Director of Analysis Sheraz Mian hand-picks one to have essentially the most explosive upside of all.
This firm targets millennial and Gen Z audiences, producing practically $1 billion in income final quarter alone. A current pullback makes now a perfect time to leap aboard. After all, all our elite picks aren’t winners however this one might far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
Electronic Arts Inc. (EA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.