Results: Electronic Arts Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Results: Electronic Arts Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Electronic Arts Inc. (NASDAQ:EA) investors will be delighted, with the company turning in some strong numbers with its latest results. It was overall a positive result, with revenues beating expectations by 3.0% to hit US$1.3b. Electronic Arts reported statutory earnings per share (EPS) US$1.04, which was a notable 18% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
艺电(NASDAQ:EA)的投资者将会很高兴,该公司在最新业绩中表现出色。总的来说,这是一个积极的结果,营业收入比预期高出3.0%,达到13亿美元。艺电报告的每股收益为1.04美元,显著高于分析师的预测,高出18%。业务结果出来后,分析师们已经更新了他们的盈利模式,现在值得我们注意的是他们是否认为该公司前景发生了重大变化,或者是否一切如常。出于这个原因,我们收集了最新的营业预测以查看分析师们对明年的预期。
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Taking into account the latest results, the consensus forecast from Electronic Arts' 17 analysts is for revenues of US$7.55b in 2025. This reflects a modest 3.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 5.6% to US$4.09 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$7.50b and earnings per share (EPS) of US$4.06 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
考虑到最新的业绩结果,艺电的17名分析师的共识预测是,到2025年,营业收入将达到75.5亿美元,比过去12个月增加了3.5%。在同一期间,每股收益预计将下降5.6%,至4.09美元。在此报告发布之前,分析师们一直在模拟2025年75亿美元的营业收入和每股收益。共识分析师似乎没有看到任何可以改变他们对业务的看法的结果,因为他们的预测没有发生重大变化。
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$160. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Electronic Arts, with the most bullish analyst valuing it at US$183 and the most bearish at US$140 per share. This is a very narrow spread of estimates, implying either that Electronic Arts is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
毋庸置疑,共识价值目标仍然基本不变,为160美元。 虽然将注意力集中在单一的价值目标上并不明智,因为共识目标实际上是分析师预测价格目标的平均值。因此,有些投资者喜欢查看估计值范围以查看公司的估值是否存在分歧意见。有些人对艺电持有不同的看法,最看好的分析师估值在183美元,最看淡的估值在每股140美元。这是非常狭窄的估计范围,表明艺电是一个容易估值的公司,或者更有可能是分析师们在依赖一些关键假设。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Electronic Arts' revenue growth is expected to slow, with the forecast 4.7% annualised growth rate until the end of 2025 being well below the historical 9.0% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 8.5% per year. Factoring in the forecast slowdown in growth, it seems obvious that Electronic Arts is also expected to grow slower than other industry participants.
获取更多有关这些预测的背景信息的一种方法是查看它们与过去业绩以及同行业其他公司的表现相比如何。 我们将强调,艺电的营收增长预计将放缓,预测到2025年结束的年增长率为4.7%,远低于过去五年的每年9.0%的历史平均增长率。作为比较,在此行业中,受分析师覆盖的其他公司预计年收入增长率为8.5%。考虑到预测增长放缓,很明显,艺电预计增长速度也将低于其他行业参与者。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Electronic Arts' revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$160, with the latest estimates not enough to have an impact on their price targets.
最重要的是没有什么重大变化的情绪,与分析师先前对每股收益的预期相比,分析师重申该业务表现一致。幸运的是,分析师也已经重新确认了他们的营业预期,表明它与预期相符。尽管我们的数据显示,艺电的营业收入预计要低于更广泛行业,但这不足以影响他们的价格目标。共识价值目标稳定在160美元。
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Electronic Arts going out to 2027, and you can see them free on our platform here..
有一点需要指出的是,公司未来长期的收益轨迹比明年更为重要。在Simply Wall St上,我们为艺电制定了截至2027年的全套分析师估值,您可以在此免费查看。
You can also see our analysis of Electronic Arts' Board and CEO remuneration and experience, and whether company insiders have been buying stock.
您还可以看到我们对艺电的董事会和首席执行官报酬和经验的分析,以及公司内部人员是否一直在购买股票的分析。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。