Think Electronic Arts Had a Great Year? It’s Going to Get Even Better
Electronic Arts (NASDAQ: EA) just completed a record year for revenue, margins, and profit, driven by strong player engagement in its top sports titles -- FIFA 17 and Madden NFL 17. The stock is up 50% year to date, which follows an impressive almost 800% run over the last five years.
For fiscal 2018 ending in March, management has guided for another year of record revenue, as well as further expansion in gross margin from the growth in digital revenue. Digital revenue was 59% of total revenue last year and is expected to grow about 15% in fiscal 2018. Management is calling for gross margin to reach 74.9% as a result. Let's take a look at what is in store for key game releases in the next year to deliver these results.
Image source: easports.com
Source: Fool.com
Electronic Arts Inc. Stock
With 1 Sell predictions and 1 Buy predictions the community sentiment towards the Electronic Arts Inc. stock is not clear.
As a result the target price of 145 € shows a slightly positive potential of 6.9% compared to the current price of 135.64 € for Electronic Arts Inc..
