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Electronic Arts (EA) Stock Hits A New 52-Week High: What's Going On?
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Electronic Arts (EA) Stock Hits A New 52-Week High: What's Going On?
Jul 30, 2024 9:37 AM

Electronic Arts Inc ( EA ) shares are trading higher by 0.64% to $148.40 during Tuesday’s session. Traders and investors are watching for the company’s first-quarter earnings report, confirmed for Tuesday’s after-hours session. According to analyst consensus estimates, EA is expected to report EPS of 43 cents on revenue of $1.286 billion.

During Electronic Arts’ fourth-quarter earnings call in May, CEO Andrew Wilson announced that the development team for the upcoming Battlefield game is the largest in the franchise’s history, highlighting EA’s significant investment in its development. EA’s Motive, known for Star Wars: Squadrons and the Dead Space Remake, is working on Battlefield in addition to their current project, an Iron Man game.

Additionally, over the past three months, 16 analysts have evaluated Electronic Arts ( EA ) with a variety of opinions, both positive and negative. Their latest assessments highlight changes in sentiment over the past 30 days compared to previous months…

Read Also: SAG-AFTRA Calls Video Game Strike Over AI Concerns

Is EA A Good Stock To Buy?

When deciding whether to buy a stock, there are some key fundamentals investors may want to consider. One of these factors is revenue growth. Buying a stock is essentially a bet that the business will continue to grow and generate profits in the future.

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers. For in-depth analysis tools and important financial data, check out Benzinga PRO.

EA has a 52-week high of $150.48 and a 52-week low of $117.47.

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