Electronic Arts Set To Report Q3 Earnings Amid Analyst Downgrade, FC Franchise Concerns, 16% Year-To-Date Stock Decline

Electronic Arts Inc. (NASDAQ:EA) is scheduled to report its third-quarter earnings after market close on Tuesday.

Earnings Estimates: Analysts are expecting revenue of $2.3 billion, down from $2.37 billion in the prior period, according to Benzinga Pro data.

The video game publisher enters the earnings report under increased scrutiny after BofA Securities downgraded the stock to Neutral from Buy on Jan. 23, cutting its price target to $130 from $170.

What Analysts Are Saying: The downgrade centered on concerns about EA’s ability to drive growth in the PC/Console gaming market, particularly regarding its flagship FC soccer franchise, which accounts for approximately ...

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