Recently, for the first time in two decades, the euro reached parity with the US dollar…
Electronic Arts: Earnings Report on August 4
Information is not investment advice
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
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.
The second earnings season of 2022 has almost begun. From banks and tech stocks to cars and the retail sector: in this outlook, we covered the most promising releases of this summer and made several projections on the companies’ prospects.
The stock market has reversed, and now it’s going lower and lower…
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.