Electronic Arts Inc reports results for the quarter ended March 31 - Earnings Summary

• Electronic Arts Inc EA.OQ reported quarterly adjusted earnings of $1.21​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.37. The mean expectation of twenty analysts for the quarter was for earnings of $1.09 per share. Wall Street expected results to range from 96 cents to $1.21 per share.

• Revenue rose 8% to $1.80 billion from a year ago; analysts expected $1.56 billion.

• Electronic Arts Inc's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $254 million.

• Electronic Arts Inc shares had risen by 7.1% this quarter and gained 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 18 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Electronic Arts Inc is $155.00

This summary was machine generated from LSEG data May 6 at 10:29 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)