Electronic Arts: Earnings Report on August 4

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What will happen?

Electronic Arts, the global leader in digital interactive entertainment, will present its earnings report for the second quarter on August 4 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, August 7.

What to expect?  

Analysts expect a strong quarter report as the gaming industry shows massive growth from quarter to quarter. On July 21, Deutsche bank picked EA as a top sector company. The stock price reacted by gaining 2%.

At EA play live showcase the company presented a wide pipeline of new content, with creative innovation and clever new models of gameplay. Investors and gamers highly valued the product as a result EA stock price rose by 2%.  

Analysts and experts forecast: Revenue = $1.28B, Earnings per share = $0.6244 

Technical analyses

Daily chart

EADaily.png

On the daily chart, a rising triangle has occurred. This is a bullish pattern with a target price of $165. This one-year consolidation and the upcoming quarterly report make investors and traders follow EA stock price closely. If the price breaks $148 resistance, the stock will get a massive pump. Otherwise, the price might test the bottom line to the triangle at $140.

  1. First of all, be sure you’ve downloaded FBS Trader app or Metatrader 5. FBS allows you to trade stocks only through this software.
  2. Open an account in FBS Trader or the MT5 account in your personal area.
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FBS Analyst Team

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