Electronic Arts Inc
EA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$218.00 | Xzbwtp | Klmxnwjn |
Electronic Arts Earnings: Core Franchises Drive Outperformance
Narrow-moat EA ended its fiscal 2023 strongly as fourth-quarter bookings and adjusted operating income both came well ahead of FactSet consensus. EA benefited from strong showings with core franchises as Apex Legends received a boost from its fourth anniversary and FIFA 23 became the bestselling launch in the franchise's long history. We are maintaining our $142 fair value estimate.