EA Q2 FY24 Earnings Preview: What to Expect from the Video Game Giant
EA Q2 FY24 Earnings Preview: What to Expect from the Video Game Giant
Electronic Arts Inc. (NASDAQ: EA), a leading global video game publisher, announced that it will release its financial results for the second quarter of fiscal year 2024 on Wednesday, November 1, 2023, after the close of market.
The company will host a conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) on the same day. The webcast of the call will be available live on EA’s Investor Relations website at http://ir.ea.com.
EA’s second quarter fiscal year 2024 ended on September 30, 2023. The company is expected to report strong results for the quarter, driven by continued growth in its live services portfolio and the release of new hit games such as FIFA 24 and Madden NFL 24.
Analysts are expecting EA to report net revenue of $1.8 billion and earnings per share of $1.10 for the second quarter of fiscal year 2024. This would represent an increase of 10% in revenue and 15% in earnings per share from the same period in the prior year.
EA’s second quarter financial results will be an important event for investors to watch, as they will provide insights into the company’s performance in the first half of its fiscal year and its outlook for the remainder of the year.
What to expect from EA’s second quarter financial results
In addition to strong revenue and earnings growth, analysts are also expecting EA to provide positive guidance for the remainder of fiscal year 2024. The company is expected to benefit from the release of a number of new hit games in the second half of the year, including Need for Speed Unbound and Star Wars Jedi: Survivor.
EA is also expected to provide updates on its live services portfolio, which includes popular games such as Apex Legends, FIFA Ultimate Team, and Madden Ultimate Team. These games generate a significant amount of revenue for EA, and investors will be looking for signs that the company is able to continue to grow this business.
Overall, EA’s second quarter financial results are expected to be a positive event for investors. The company is well-positioned for continued growth in the coming years, and its upcoming game releases are highly anticipated by gamers.
How to invest in EA
EA is a publicly traded company, and its shares are listed on the Nasdaq stock exchange. Investors can buy and sell EA shares through a brokerage account.
EA is a large-cap stock, and its shares are considered to be relatively low-risk. The company has a strong track record of profitability and growth, and its dividend yield is currently around 1%.
EA is a good investment for investors who are looking for a company with a strong track record of profitability and growth. The company is well-positioned to benefit from the continued growth of the video game industry, and its upcoming game releases are highly anticipated by gamers.
