Unlocking Q4 Potential of Electronic Arts (EA): Exploring Wall Street Estimates for Key Metrics

The upcoming report from Electronic Arts (EA) is expected to reveal quarterly earnings of $1.11 per share, indicating a decline of 19% compared to the year-ago period. Analysts forecast revenues of $1.56 billion, representing a decrease of 6.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 148% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.That said, let's delve into the average estimates of some Electronic Arts metrics that Wall Street analysts commonly model and monitor.According to the collective judgment of analysts, 'Net revenue by composition- Live services and other- Non-GAAP (Net Bookings)' should come in at $1.28 billion. The estimate indicates a year-over-year change of -8.9%.Analysts predict that the 'Net revenue by composition- Full game- Full game downloads- Non-GAAP (Net Bookings)' will reach $212.77 million. The estimate points to a change of -6.7% from the year-ago quarter.Analysts' assessment points toward 'Net revenue by composition- Full game- Packaged goods- Non-GAAP (Net Bookings)' reaching $37.38 million. The estimate suggests a change of +20.6% year over year.It is projected by analysts that the 'Net Bookings' will reach $1.56 billion. Compared to the current estimate, the company reported $1.67 billion in the same quarter of the previous year.View all Key Company Metrics for Electronic Arts here>>>Over the past month, Electronic Arts shares have recorded returns of +0.2% versus the Zacks S&P 500 composite's -0.7% change. Based on its Zacks Rank #3 (Hold), EA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Electronic Arts Inc. (EA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks