Baird Lowers Numbers on Electronic Arts (EA); Star Wars Hides 'The Force'
Tweet
Share
E-mailGet Alerts EA Hot Sheet
Price: $209.70 --0%
Rating Summary:
15 Buy, 32 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 32 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Baird maintains a 'Neutral' on Electronic Arts (NASDAQ: EA) price target lowered from $23 to $18.
Analyst, Sebastian Colin, said, "In-line quarter, but Q1 looking softer than expected. The revenue and earnings guidance for Q1 appear to be dampened by greater-than-expected subscriber losses for Star Wars. While EA continues to make progress on its new digital initiatives, we expect the transformation to remain a marathon event for the foreseeable future. We are reducing our F1Q and F2013 revenue and earnings estimates and lowering our price target."
Colin cuts Q1 from (0.33)/$597mln to (0.41)/$507mln and FY13 from $1.20/$4.56 bln to $1.15/$4.356 bln.
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 $15.13 yesterday.
Analyst, Sebastian Colin, said, "In-line quarter, but Q1 looking softer than expected. The revenue and earnings guidance for Q1 appear to be dampened by greater-than-expected subscriber losses for Star Wars. While EA continues to make progress on its new digital initiatives, we expect the transformation to remain a marathon event for the foreseeable future. We are reducing our F1Q and F2013 revenue and earnings estimates and lowering our price target."
Colin cuts Q1 from (0.33)/$597mln to (0.41)/$507mln and FY13 from $1.20/$4.56 bln to $1.15/$4.356 bln.
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 $15.13 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Deere (DE) PT Lowered to $570 at JPMorgan Ahead of Earnings
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Robert W Baird, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
