Revenue of $1.18 billion
Analysts expect the US-based (SPY) gaming company Electronic Arts (EA) to post revenue of $1.18 billion in fiscal 2Q18, the quarter that ended on September 30, 2017. Wall Street has a high revenue estimate of $1.24 billion and a low estimate of $1.16 billion for 3Q17. If EA meets the analyst average revenue estimate of $1.18 billion, it would mean a YoY (year-over-year) rise of 7.5% compared to revenue of approximately $1.1 billion in fiscal 2Q17.
Analysts expect non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.54 with a high EPS estimate of $0.60 and a low estimate of $0.49 in 2Q18. In 2Q17, EA posted EPS of $0.53, indicating that analysts expect EPS to rise approximately 2% YoY in 2Q18.
EA has beaten analyst EPS estimates in each of the last four quarters. It reported EPS of $0.31 in 1Q18, which was 14.8% above the analyst estimate of $0.27. The firm also announced EPS of $0.85 in 4Q17, which was 13.3% above the analyst estimate of $0.75. Its EPS of $2.48 in 3Q17 and $0.53 in 2Q17 were 7.8% and 23.3% above the average analyst estimate, respectively.
Revenue rose 14% in 1Q18
EA’s revenue rose 14% YoY in 1Q18 to $1.3 billion. Comparatively, net income rose 46% YoY, whereas EPS rose 47% YoY in 1Q18 as well.