Electronic Arts Inc. develops, markets, publishes, and delivers games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation through owned and licensed brands, such as EA SPORTS FC, Battlefield, Apex Legends, The Sims, Madden NFL, Need for Speed, Titanfall, and F1 brands. The company licenses its games to third parties to distribute and host its games and content. It markets and sells its games and services through digital distribution and retail channels, as well as directly to mass market retailers, specialty stores, and distribution arrangements. Electronic Arts Inc. was incorporated in 1982 and is headquartered in Redwood City, California.

Electronic Arts Inc.

Electronic Arts (EA) reported $1.82 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 12.6%. EPS of $1.21 for the same period compares to $2.15 a year ago.
The reported revenue represents a surprise of -2.45% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $1.27, the EPS surprise was -4.72%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Electronic Arts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Bookings: $1.82 billion compared to the $1.86 billion average estimate based on six analysts.
Net revenue by composition- Live services and other- Non-GAAP (Net Bookings): $1.12 billion versus $1.14 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
Net revenue by composition- Full game- Full game downloads- Non-GAAP (Net Bookings): $438 million versus the two-analyst average estimate of $479.41 million. The reported number represents a year-over-year change of -19.6%.
Net revenue by composition- Full game- Packaged goods- Non-GAAP (Net Bookings): $262 million compared to the $255.83 million average estimate based on two analysts. The reported number represents a change of -8.7% year over year.
Shares of Electronic Arts have returned -0.8% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Electronic Arts (EA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Electronic Arts (EA) came out with quarterly earnings of $1.21 per share, missing the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.72%. A quarter ago, it was expected that this video game maker would post earnings of $0.1 per share when it actually produced earnings of $0.25, delivering a surprise of +150%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Electronic Arts, which belongs to the Zacks Gaming industry, posted revenues of $1.82 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.45%. This compares to year-ago revenues of $2.08 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Electronic Arts shares have added about 37.1% since the beginning of the year versus the S&P 500's gain of 16.9%.
What's Next for Electronic Arts?
While Electronic Arts has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Electronic Arts was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.49 on $2.8 billion in revenues for the coming quarter and $8.27 on $7.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
PENN Entertainment (PENN), another stock in the same industry, has yet to report results for the quarter ended September 2025. The results are expected to be released on November 6.
This casino operator is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +58.3%. The consensus EPS estimate for the quarter has been revised 11.7% higher over the last 30 days to the current level.
PENN Entertainment's revenues are expected to be $1.73 billion, up 5.3% from the year-ago quarter.
Should You Invest in Electronic Arts Inc. (EA)?
Before you invest in Electronic Arts Inc. (EA), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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Electronic Arts (EA) Q2 Earnings and Revenues Miss Estimates

(RTTNews) - Electronic Arts Inc (ERTS) announced a profit for second quarter that Dropped, from the same period last year but beat the Street estimates.
The company's earnings totaled $137 million, or $0.54 per share. This compares with $294 million, or $1.11 per share, last year.
Analysts on average had expected the company to earn $0.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.2% to $1.839 billion from $2.025 billion last year.
Electronic Arts Inc earnings at a glance (GAAP) :
-Earnings: $137 Mln. vs. $294 Mln. last year. -EPS: $0.54 vs. $1.11 last year. -Revenue: $1.839 Bln vs. $2.025 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Electronic Arts Inc Bottom Line Retreats In Q2, But Beats Estimates

The following companies are expected to report earnings after hours on 10/28/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Visa Inc. (V)is reporting for the quarter ending September 30, 2025. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.97. This value represents a 9.59% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.2%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for V is 30.40 vs. an industry ratio of 12.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Booking Holdings Inc. (BKNG)is reporting for the quarter ending September 30, 2025. The internet company's consensus earnings per share forecast from the 13 analysts that follow the stock is $96.10. This value represents a 14.55% increase compared to the same quarter last year. In the past year BKNG has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 8.82%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BKNG is 23.75 vs. an industry ratio of 21.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Mondelez International, Inc. (MDLZ)is reporting for the quarter ending September 30, 2025. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.72. This value represents a 27.27% decrease compared to the same quarter last year. MDLZ missed the consensus earnings per share in the 4th calendar quarter of 2024 by -1.52%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MDLZ is 20.42 vs. an industry ratio of 32.30.
Electronic Arts Inc. (EA)is reporting for the quarter ending September 30, 2025. The gaming company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.72. This value represents a 55.56% decrease compared to the same quarter last year. EA missed the consensus earnings per share in the 4th calendar quarter of 2024 by -5.65%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for EA is 32.60 vs. an industry ratio of 4.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Seagate Technology Holdings PLC (STX)is reporting for the quarter ending September 30, 2025. The computer company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.11. This value represents a 50.71% increase compared to the same quarter last year. In the past year STX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.34%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for STX is 24.50 vs. an industry ratio of 27.10.
ONEOK, Inc. (OKE)is reporting for the quarter ending September 30, 2025. The oil/gas company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.46. This value represents a 23.73% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for OKE is 12.81 vs. an industry ratio of 9.30, implying that they will have a higher earnings growth than their competitors in the same industry.
CoStar Group, Inc. (CSGP)is reporting for the quarter ending September 30, 2025. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.10. This value represents a 44.44% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 60%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CSGP is 156.24 vs. an industry ratio of 14.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Veralto Corp. (VLTO)is reporting for the quarter ending September 30, 2025. The waste removal company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.95. This value represents a 6.74% increase compared to the same quarter last year. In the past year VLTO has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.49%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for VLTO is 27.40 vs. an industry ratio of 59.10.
Bloom Energy Corporation (BE)is reporting for the quarter ending September 30, 2025. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.03. This value represents a 62.50% increase compared to the same quarter last year. BE missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -300%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BE is 5426.50 vs. an industry ratio of 146.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Expand Energy Corporation (EXE)is reporting for the quarter ending September 30, 2025. The alternative energy company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.91. This value represents a 468.75% increase compared to the same quarter last year. EXE missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -3.51%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EXE is 18.78 vs. an industry ratio of 146.60.
Equity Residential (EQR)is reporting for the quarter ending September 30, 2025. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.02. This value represents a 4.08% increase compared to the same quarter last year. In the past year EQR has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EQR is 15.83 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
PPG Industries, Inc. (PPG)is reporting for the quarter ending September 30, 2025. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.09. This value represents a 1.88% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for PPG is 13.50 vs. an industry ratio of 8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for October 28, 2025 : V, BKNG, MDLZ, EA, STX, OKE, CSGP, VLTO, BE, EXE, EQR, PPG

Electronic Arts EA is set to report second-quarter fiscal 2026 results on Oct. 28.
For second-quarter fiscal 2026, EA expects GAAP revenues between $1.75 billion and $1.85 billion and earnings per share in the range of 29 cents to 46 cents.
The Zacks Consensus Estimate for earnings has moved south by 1.6% to $1.27 per share in the past 30 days. The figure indicates a 40.93% decline from the year-ago quarter’s reported figure.
The consensus mark for revenues is pegged at $1.86 billion, suggesting a 10.36% decrease from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing once, the average surprise being 47.33%.
Let’s see how things have shaped up for this announcement.
Electronic Arts Inc. Price and EPS Surprise
Factors to Consider
Electronic Arts anticipated net bookings between $1.8 billion and $1.9 billion for its second-quarter fiscal 2026, ending Sept. 30, 2025. The company expected a more normalized curve for College Football full game sales, partially offset by the launch of Madden NFL 26, with expectations that early momentum in Apex Legends and catalog would continue.
The American football ecosystem is expected to present an 8-point headwind year over year for the quarter, reflecting the challenging comparison against the exceptionally strong debut of College Football 25 in the prior year. EA SPORTS College Football 26 launched worldwide on July 10, 2025, while EA SPORTS Madden NFL 26 launched worldwide on Aug, 14, 2025, both falling within the fiscal second quarter period.
The guidance included a four-point year-over-year headwind related to the phasing of the EA SPORTS FC 26 Ultimate Edition content, which is expected to be largely recognized in the third quarter. EA SPORTS FC 26 released worldwide on Sept. 26, 2025, late in the fiscal second quarter, with early access beginning Sept. 19.
Apex Legends launched its Season 26: Showdown update on Aug. 5, 2025, introducing the new Wildcard mode, Legend Amps, Elite Weapons, and significant updates to Caustic and Bangalore. These content additions occurred during the fiscal second quarter and are expected to have aided continued engagement in the battle royale franchise in the to-be-reported quarter.
Operating expenses are expected to range between approximately $1.215 billion and $1.235 billion, with year-over-year growth largely driven by marketing related to upcoming launches, notably Battlefield 6. The elevated marketing spend reflected the company's strategic emphasis on building anticipation for the highly anticipated shooter franchise.
Management highlighted that College Football 26 was delivering strong competitive cohort retention and deeper engagement in Ultimate Team versus prior year life-to-date, suggesting healthy live services performance despite the normalized full game sales curve.
The combination of three major sports title launches within the quarter, coupled with live services momentum across multiple franchises, positioned the company's diverse portfolio to navigate the challenging year-over-year comparisons while maintaining engagement across its player base.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case.
EA currently has an Earnings ESP of -8.84% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some stocks in the Zacks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Meta Platforms META has an Earnings ESP of +8.48% and sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meta Platforms is slated to report third-quarter 2025 results on Oct. 29. The Zacks Consensus Estimate for META’s third-quarter 2025 earnings is pegged at $6.59 per share, up by a cent over the past seven days, indicating a rise of 9.3% from the year-ago quarter’s reported figure.
Reddit Inc. RDDT has an Earnings ESP of +20.17% and sports a Zacks Rank #1 at present.
It is set to report third-quarter 2025 results on Oct. 30. The Zacks Consensus Estimate for RDDT’s third-quarter earnings is pegged at 52 cents per share, unchanged over the past 30 days, indicating an increase of 225% from the year-ago quarter’s reported figure.
Intel INTC has an Earnings ESP of +116.7% and a Zacks Rank #3 at present.
Intel is set to report third-quarter fiscal 2025 results on Oct. 23. The Zacks Consensus Estimate for INTC’s third-quarter fiscal 2025 earnings has remained unchanged at breakeven over the past 30 days, indicating a rise of 100% from the year-ago quarter’s reported figure.
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Electronic Arts to Report Q2 Earnings: What's in the Cards?

Wednesday, October 22, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corp. (ORCL), Toyota Motor Corp. (TM) and Morgan Stanley (MS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
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Today's Featured Research Reports
Oracle’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+66.9% vs. +20.8%). The company is benefiting from continued momentum from its Oracle Cloud Infrastructure business, including from winning cloud-computing contracts from AI-focused startups.
ORCL’s continued investment in cloud infrastructure, comprising NetSuite Enterprise Resource Planning (ERP) and Fusion ERP, positions it well for sustained growth in the dynamic software industry. Its partnership with Amazon for Oracle Database@AWS and general availability of Oracle Database@Google bodes well. Oracle’s Gen 2 Cloud is driving artificial intelligence clientele. The company's share buybacks and dividend policy are noteworthy.
The Zacks analyst expects fiscal 2026 net sales to grow 15.8% from fiscal 2025. However, higher spending on product enhancements, toward the cloud platform amid increasing competition in the cloud domain is likely to limit margin expansion.
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Shares of Toyota have outperformed the Zacks Automotive - Foreign industry over the year-to-date period (+5.1% vs. +4.9%). The company’s sales are getting a boost from the surge in hybrid adoption. The RAV4 model, with hybrid variants that make up about half of Toyota’s sales, is America's top-selling SUV.
Toyota aims to lower hydrogen costs by promoting its use in commercial vehicles. It plans to sell its hydrogen-powered units externally, encouraging broader adoption beyond its own fleet. By increasing overall hydrogen demand, the company expects economies of scale to drive down production costs.
However, Toyota expects its operating income for fiscal 2026 to decline year over year due to material prices, the impact of the forex rate and tariffs imposed by the U.S. government on vehicle and vehicle parts imports. Pretax profit is also expected to decline. Thus, the stock warrants a cautious stance.
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Morgan Stanley’s shares have outperformed the Zacks Financial - Investment Bank industry over the year-to-date period (+28.8% vs. +28.7%). The company’s third-quarter 2025 results were aided by robust investment banking (“IB”) and trading performances. Morgan Stanley’s efforts to focus on wealth and asset management operations, inorganic expansion initiatives, and strategic alliances will keep aiding the top line.
The performance of the IB business is expected to be driven by a strong pipeline in the near term. However, expenses will remain elevated due to business expansion efforts. The uncertainty of the performance of the capital markets is a key near-term concern.
While trading revenues have been increasing, they are less likely to reach 2021 levels. Yet given a solid balance sheet, the company is expected to be able to enhance shareholder value through efficient capital distributions.
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Other noteworthy reports we are featuring today include GSK plc (GSK), Electronic Arts Inc. (EA) and Franco-Nevada Corp. (FNV).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
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Kohl's (KSS) Partnership with Sephora to Boost Beauty Business
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Per the Zacks analyst, Encompass Health's expansion through de novo hospitals will drive patient volumes and profit levels.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Oracle, Toyota & Morgan Stanley

Shareholders of Electronic Arts, Inc. (Symbol: EA) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the October covered call at the $205 strike and collect the premium based on the 10 cents bid, which annualizes to an additional 6.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6.5% annualized rate in the scenario where the stock is not called away. Any upside above $205 would be lost if the stock rises there and is called away, but EA shares would have to climb 2.4% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 2.4% return from this trading level, in addition to any dividends collected before the stock was called.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Electronic Arts, Inc., looking at the dividend history chart for EA below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 0.4% annualized dividend yield.
Below is a chart showing EA's trailing twelve month trading history, with the $205 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October covered call at the $205 strike gives good reward for the risk of having given away the upside beyond $205. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Electronic Arts, Inc. (considering the last 250 trading day closing values as well as today's price of $200.33) to be 34%. For other call options contract ideas at the various different available expirations, visit the EA Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 616,962 contracts, with call volume at 1.27M, for a put:call ratio of 0.48 so far for the day. Compared to the long-term median put:call ratio of .65, that represents very high call volume relative to puts; in other words, buyers are preferring calls in options trading so far today. Find out which 15 call and put options traders are talking about today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

YieldBoost EA To 6.5% Using Options

Wall Street expects a year-over-year decline in earnings on lower revenues when Electronic Arts (EA) reports results for the quarter ended September 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This video game maker is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of -40.9%.
Revenues are expected to be $1.86 billion, down 10.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.23% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Electronic Arts?
For Electronic Arts, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -8.84%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Electronic Arts will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Electronic Arts would post earnings of $0.1 per share when it actually produced earnings of $0.25, delivering a surprise of +150.00%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Electronic Arts doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Another stock from the Zacks Gaming industry, Boyd Gaming (BYD), is soon expected to post earnings of $1.55 per share for the quarter ended September 2025. This estimate indicates a year-over-year change of +2%. Revenues for the quarter are expected to be $865.81 million, down 9.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Boyd has been revised 1.1% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.25%, reflecting a higher Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Boyd will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Should You Invest in Electronic Arts Inc. (EA)?
Before you invest in Electronic Arts Inc. (EA), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Earnings Preview: Electronic Arts (EA) Q2 Earnings Expected to Decline

Fintel reports that on October 20, 2025, Morgan Stanley maintained coverage of Electronic Arts (NasdaqGS:EA) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 11.64% Downside
As of September 29, 2025, the average one-year price target for Electronic Arts is $177.25/share. The forecasts range from a low of $128.27 to a high of $220.50. The average price target represents a decrease of 11.64% from its latest reported closing price of $200.59 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Electronic Arts is 9,204MM, an increase of 23.15%. The projected annual non-GAAP EPS is 9.45.
What is the Fund Sentiment?
There are 2,008 funds or institutions reporting positions in Electronic Arts. This is an increase of 4 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to EA is 0.27%, an increase of 9.67%. Total shares owned by institutions decreased in the last three months by 1.65% to 281,915K shares. The put/call ratio of EA is 0.55, indicating a bullish outlook.
What are Other Shareholders Doing?
Public Investment Fund holds 24,808K shares representing 9.95% ownership of the company. No change in the last quarter.
Capital International Investors holds 11,797K shares representing 4.73% ownership of the company. In its prior filing, the firm reported owning 11,588K shares , representing an increase of 1.77%. The firm decreased its portfolio allocation in EA by 1.48% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,057K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 8,232K shares , representing a decrease of 2.18%. The firm decreased its portfolio allocation in EA by 3.51% over the last quarter.
XLC - The Communication Services Select Sector SPDR Fund holds 7,035K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 6,701K shares , representing an increase of 4.75%. The firm decreased its portfolio allocation in EA by 2.03% over the last quarter.
Geode Capital Management holds 6,644K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 6,749K shares , representing a decrease of 1.58%. The firm decreased its portfolio allocation in EA by 3.10% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Morgan Stanley Maintains Electronic Arts (EA) Equal-Weight Recommendation

Key Points
Target (TGT) continues to be the subject of takeover rumors.
It's plausable that private equity firms could acquire the undervalued discount retailer.
However, I would approach Target as a buy-and-hold investment, not as a takeover trade.
Target (NYSE: TGT) is once again the subject of takeover rumors. Negative sentiment and both company- and macro-specific factors have pushed the discount retailer's stock over 35% year to date. According to analysts at D.A. Davidson, this means that the stock has fallen to such a low price that a leveraged buyout of the company could prove very profitable.
This latest report gives further credence to the idea that Target is a viable "target" of private equity, despite its massive size compared to the mid-cap and small-cap companies private equity firms typically acquire.
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Nevertheless, I wouldn't buy Target solely as a takeover play. Rather, a buy-and-hold strategy may be the best approach. Why? Takeover rumors could continue to come and go, but over an extended time frame, this stock could experience strong gains, if and when investor sentiment shifts back to positive.
Target is a logical private equity target
Make no mistake: if private equity took Target private, it would be a record-setting deal for the industry. Target's market cap currently stands at around $40 billion. Combined with net debt and lease liabilities, the company's enterprise value comes out to $56.3 billion.
A private equity buyer, or most likely a consortium of buyers, would also have to offer a takeover premium to secure the deal. Add it all together, and the acquisition price would likely exceed $60 billion. That's more than what's currently set to become the largest private equity deal of all time, the pending $55 billion acquisition of Electronic Arts (NASDAQ: EA) by a consortium of private equity firms and large investors.
Still, given the billions in dry powder, or uninvested cash, many major private equity firms are sitting on, it's not outside the realm of possibility that they could join forces to purchase Target in a leveraged buyout transaction. Add in how other old-school retailers, like Nordstrom, have gone private in recent years, and the prospect of a takeover appears much less like wishful thinking on the part of speculators.
Again, though, buying Target on takeover potential is likely not a surefire strategy to profit. Predicting a takeover is more a game of luck than a game of skill. Instead of speculating that this company could be acquired at a 20% or more premium in the near term, it's likely best to view this stock as a long-term play.
The long-term view
The aforementioned D.A. Davidson analyst report gives Target's stock a $108-per-share price target. This amount, around 23.6% above the current stock price on October 14, represents the amount the sell-side research firm believes the company could fetch in a private equity takeover.
Yet while it may seem tempting to "bottom-fish" in Target shares, buying after the big sell-off, only to quickly profit once the private equity bid comes in, there are more ways this trade could blow up rather than lift off. In the next few months, the stock could remain subject to negative volatility.
Next month, Target will release its next quarterly earnings. The same combination of disappointment with fiscal results and negative sentiment surrounding issues like poor customer service and public relations missteps could send the stock to even lower prices. In turn, private equity could arrive, but offer a far less impressive bid.
Moreover, while a private equity takeout is possible, is it probable? Existing shareholders and management may prefer to see Target go it alone in a turnaround, enabling all investors to benefit from the potential rebound -- mainly because said rebound could send the stock to levels well above D.A. Davidson's price target.
Should you buy Target today?
Over the next few years, macro issues like tariffs and inflation could normalize. Past controversy will retreat into the rearview mirror. Target's management could make serious headway restoring its reputation among investors and the general public alike.
These efforts could have only a modest impact on earnings, yet result in significant price appreciation. Right now, the stock trades at a forward price-to-earnings (forward P/E) ratio of just 11. In recent years, shares have often traded at an earnings multiple in the mid- to high-teens.
Better yet, it's not as if you'll be sitting on zero return waiting for better times to take shape. Target, a Dividend King with over 50 years of consecutive annual dividend growth, is a "get paid while you wait" type opportunity with its current 5.33% forward dividend yield. Takeover rumors may have placed Target back on your radar, but the patient approach may be the better course of action here.
Should you invest $1,000 in Target right now?
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Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool recommends Electronic Arts. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	35.19 15.01
Price/Sales	5.32 0.99
P/B	5.90 1.40
P/FCF	20.51 11.54

Indicator	TTM Median
ROE	15.68 13.09
ROA	8.68 4.72
ROI	12.55 6.69
Net Worth	39.49 0.77
Quick Ratio	0.00 0.93
Current Ratio	0.95 1.24

Indicator	TTM Median
Net Profit Margin	15.02 9.44
Operating Margin	20.37 14.24
Gross Margin	79.32 54.26
Return on tangible equity	77.82 25.55

Indicator	TTM Median
EPS	2.34 0.25
EPS Forecast	2.48 0.22
Revenue	1.90B 89.00M
Gross Profit	1.53B —
EBITDA	474.00M —

Electronic Arts Inc.

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

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Efficiency

Other ratios

Revenue