EA closes at $127.56 as investors eye earnings Tuesday

Published: January 26 2023, 07:01 GMT+0

EA closes at $127.56 as investors eye earnings Tuesday

A quick look at yesterday: Electronic Arts Inc recovered back to $127.56 after dipping down to $126.27, in a session that followed Tuesday's $127.49 close value.

  • Yesterday's trading volume was 1 million shares which is slightly under the 21-day average of 1.65 million.
  • EA discloses 19 cents per share dividend to be paid on Wednesday, December 21st

With only 7 hours remaining until market open, yesterday's session was noteworthy in that Nasdaq shed 0.18% and closed at 11,300. S&P 500 traded sideways for most of yesterday's session before closing at 4,016.22. The Communication Services sector was mostly flat.

Electronic Arts is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 2.62 and the consensus revenue estimate is $1.80 billion.

The video games developer has managed to gain 3.82% so far this year despite trading at lows around $111.6 previously. So far this year, it has been doing worse than the Nasdaq by 4.35%. The video games company's market cap currently stands at $35.22 billion with an average daily volume of 1.65 million shares.

Electronic Arts disclosed a quarterly dividend of 19 cents per share on Monday, October 31st that was paid on Wednesday, December 21st to all shareholders of record up until Wednesday, November 30th. Based on current prices, the company's decision thereby provides Electronic Arts investors with an annual dividend yield of 0.596%.

Meanwhile, mixed performances were seen by other communication services stocks as AT&T gained 6.58%, as it traded at $20.42. Alphabet dips 2.5% yesterday to close at $99.21. T-Mobile was up 1.55%.

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