Brean Capital Sees Electronic Arts (EA) FQ4 EPS Above Consensus

November 28, 2012 8:46 AM EST
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Price: $79.92 -0.25%

Rating Summary:
    19 Buy, 8 Hold, 0 Sell

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    Up: 21 | Down: 16 | New: 10
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Brean Capital reiterated a Buy on Electronic Arts (NASDAQ: EA) and raised its price target to $19.00 (from $15.00) in anticipation of strong digital revenues and growth in F2014.

"Shares of EA have bounced off their bottom and increased 19% in the last month," noted analyst Todd Mitchell. "We believe the close of F3Q13 will allow the company to move past its most difficult comp (Battlefield and Star Wars) while moving to the end of F2013 with a significant well of deferred digital revenue from Battlefield Premium in hand."

Brean raised FQ4 EPS estimates 5 cents to $0.76. The boost in Q4 EPS is tied to stronger-than-expected sales of Battlefield Premium.

For an analyst ratings summary and ratings history on Electronic Arts click here. For more ratings news on Electronic Arts click here.

Shares of Electronic Arts closed at $14.74 yesterday.

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