After the close of trading on Tuesday, we’ll get to see earnings out of Electronic Arts Inc. (NASDAQ: ERTS). The estimates for the video game software game giant from First Call are $0.00 EPS on $834.82 million in revenues. Next quarter estimates are -$0.11 EPS on $591.13 million in revenues. Estimates for fiscal Mar-2009 are $0.94 EPS on $3.92 billion in revenues.
Analysts have an average price target north of $62.00; Electronic Arts Inc.’s 52-week trading range is $43.62 to $61.60. Shares are still mostly in the middle of that range.
What is going to take center stage here is the pending acquisition of Take-Two Interactive (NASDAQ: TTWO). Take-Two has so far successfully defended itself from getting acquired without destroying its market value. As this is also thought of as on of the less important quarters, the focus will come around guidance and around the merger. Stay tuned for a more detailed update on an earnings preview Tuesday.
Jon C. Ogg
May 12, 2008