Needham & Company Maintains a 'Hold' on Electronic Arts (ERTS); 2Q’12 Results Exceed Guidance And Our Estimates
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Price: $19.84 -1.93%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Electronic Arts (NASDAQ: ERTS).
Needham analyst says, "ERTS reported results for F2Q’12 that showed revenues and EPS above our estimates, guidance and consensus. (Unless otherwise noted, all figures are non-GAAP.) Revenues rose 17%, much better than our forecast of 11% growth, and EPS of $0.05 was better than our estimate of a loss of $0.03. Digital revenue as a percent of total continues to grow, and exceeded 20% of total revenue."
"Maintaining Hold, despite positive surprise. ERTS shares are close to a 3-year high, and have risen sharply in recent weeks. The current share price represents more than 20x our EPS estimate for calendar ’12 and about 17x our EPS estimate for calendar ’13. We believe its strong growth prospects are fairly reflected in this valuation."
For more ratings news on Electronic Arts click here and for the rating history of Electronic Arts click here.
Shares of Electronic Arts closed at $24.50 yesterday.
Needham analyst says, "ERTS reported results for F2Q’12 that showed revenues and EPS above our estimates, guidance and consensus. (Unless otherwise noted, all figures are non-GAAP.) Revenues rose 17%, much better than our forecast of 11% growth, and EPS of $0.05 was better than our estimate of a loss of $0.03. Digital revenue as a percent of total continues to grow, and exceeded 20% of total revenue."
"Maintaining Hold, despite positive surprise. ERTS shares are close to a 3-year high, and have risen sharply in recent weeks. The current share price represents more than 20x our EPS estimate for calendar ’12 and about 17x our EPS estimate for calendar ’13. We believe its strong growth prospects are fairly reflected in this valuation."
For more ratings news on Electronic Arts click here and for the rating history of Electronic Arts click here.
Shares of Electronic Arts closed at $24.50 yesterday.
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