EA profit, revenue top estimates on strong 'Battlefield 1' sales
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Electronic Arts (EA) PT Raised to $105.16 at Benchmark; Reiterates Buy
February 1, 2017 7:53 AM ESTBenchmark raised its price target on Electronic Arts (NASDAQ: EA) to $105.16 (from $101.94) while maintaining a Buy rating following 3Q report.
Analyst Mike Hickey commented, "Sales were $2,070M (Guidance: $2,035M / Street: $2,052M / Benchmark: $2,025M), generating $35M in upside. Adjusted EPS of $2.48 (Guidance: $2.25 / Street: $2.30 / Benchmark: $2.24),... More
Oppenheimer Reiterates Outperform on Electronic Arts (EA) Following 3Q Report
February 1, 2017 7:35 AM ESTOppenheimer reiterated an Outperform rating and $94.00 price target on Electronic Arts (NASDAQ: EA) following the company's 3Q earnings report. Total non-GAAP revenues were up 16% Y/Y. EA raised FY17 revenues/EPS guidance from $4.75B/$2.69 to $4.80B/$2.91, with $125M in expected change in deferred revenues... More
Electronic Arts (EA) PT Raised to $110 at Jefferies
February 1, 2017 6:36 AM ESTJefferies raised its price target on Electronic Arts (NASDAQ: EA) to $110.00 (from $105.00) while maintaining a Buy rating following a solid 'beat and raise' quarter.
Analyst Brian Fitzgerald commented, "Key title Battlefield 1 proved it was indeed the profit driver we were hoping for, delivering... More
