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Electronic Arts Inc. (NASDAQ:EA) is set to report its fiscal fourth-quarter (F4Q) earnings on May 7 after the market closes. With the gaming landscape facing macroeconomic headwinds and specific challenges, EA’s upcoming earnings are approached with moderated expectations.
EA Analysts’ Overview: Oppenheimer analysts Martin Yang, CFA, and Andrew Northcutt continue to rate EA as Outperform with a price target of $150.
Despite current market challenges, they believe EA’s valuation provides decent downside protection.
See Also: EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo
Moderated Expectations: The analysts have adjusted their outlook, anticipating EA’s performance to align with conservative guidance due to softer live service bookings and a leaner release slate.
“We see investor sentiment as neutral to slightly negative into EA’s F4Q24 earnings,” Martin Yang noted, attributing the sentiment to the subdued macro outlook on the console game market and performance issues in titles like Apex Legends.
Strategic Overview:
Revenue and Profit Outlook:
Investor Catalysts: The analysts highlight several factors that could positively influence investor sentiment:
Looking Ahead: For the F4Q report, Yang and Northcutt predict a cautious yet strategic approach, with discussions on new initiatives likely during the earnings call, especially relating to EA’s digital and mobile strategies.
Market Position: “With a clearer catalyst path into C2H24, we view EA as a better buy than Take-Two Interactive Software Inc (NASDAQ:TTWO), in the near term,” the analysts said.
EA Price Action: Electronic Arts stock was trading at $127.50 at the time of publication, up 0.32% in the past 24 hours, according to Benzinga Pro.
Read Next: ‘EA Raising Price Of EA Play Subscription’
Image credits: Sergei Elagin on Shutterstock.