EA: a massive bump is near

What will happen?

Electronic Arts, the global leader in digital interactive entertainment, will present its earnings report for the second quarter on August 4 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, August 7.

What to expect?

Analysts expect a strong quarter report as the gaming industry shows massive growth from quarter to quarter. On July 21, Deutsche bank picked EA as a top sector company. The stock price reacted by gaining 2%.

At EA play live showcase the company presented a wide pipeline of new content, with creative innovation and clever new models of gameplay. Investors and gamers highly valued the product as a result EA stock price rose by 2%.

Analysts and experts forecast: Revenue = $1.28B, Earnings per share = $0.6244

Technical analyses

Daily chart

On the daily chart, a rising triangle has occurred. This is a bullish pattern with a target price of $165. This one-year consolidation and the upcoming quarterly report make investors and traders follow EA stock price closely. If the price breaks $148 resistance, the stock will get a massive pump. Otherwise, the price might test the bottom line to the triangle at $140.

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Author: FBS Analyst Team

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