PREVIEW: Electronic Arts dips ahead of earnings report

Shares of Electronic Arts EA.O dip 0.4% ahead of quarterly results after the bell, following the company's recent challenges with its soccer franchise and in-game spending

Analysts expect quarterly rev. down 6% to $1.56 bln, with adjusted EPS seen at $1.09, vs $1.37 a yr-ago, according to data compiled by LSEG, highlighting ongoing pressure from weak in-game spending

EA's stock, recently, at 20 times expected earnings, compared to its avg. forward PE of 19 over the past five years

In its previous quarterly report on February 5, EA forecast fiscal Q4 bookings below Wall Street expectations, as it grappled with a slowdown in spending at its popular soccer franchise

Company's stock has advanced about 5% YTD, outperforming Nasdaq .IXIC, which fell 8% in the same period

Stock is about 9% below its 52-week intraday high of $168.5 reached on November 22, 2024

In the past 30 days, four out of 29 analysts raised EPS estimates for quarter, while one revised downwards