12:00 PM EDT, 10/25/2024 (MT Newswires) -- Electronic Arts ( EA ) is seen exceeding its fiscal Q2 guidance due to upside from the "strong release" of its College Football 25 videogame, as well as the releases of Madden 25 and FC 25, Wedbush said in a note Friday.

While Electronic Arts' ( EA ) recent investor day was mostly a non-event, the company noted that it's "tracking to the high end of its net bookings guidance" for Q2 and fiscal 2025, Wedbush said.

Also, the company is expected to "outpace market growth and drive margin expansion" through fiscal 2027, which implies revenue growth of 8% annually until fiscal 2027, Wedbush said.

The investment firm estimates Q2 net bookings of $2.05 billion and EPS of $2.05, at the high end of the respective outlook ranges of $1.95 billion to $2.05 billion and $1.85 to $2.05.

"We believe the company remains more of a FY:26 story, when splashy incremental releases like Battlefield,

skate., and the Iron Man or Black Panther games are given a release date," the note said.

Electronic Arts ( EA ) is slated to report fiscal Q2 results on Oct. 29.

Wedbush has an outperform rating on Electronic Arts ( EA ) with a $170 price target.

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