EA poised to open around $127.56 tomorrow; earnings results due Tuesday

Published: January 25 2023, 21:46 GMT+0

EA poised to open around $127.56 tomorrow; earnings results due Tuesday

Today at a glance: after dropping down to $126.27, the video games developer recovers some losses and is currently trading at $127.56.

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

Today's closing bell ended a trading session in which Nasdaq slid by 0.18% to 11,300. S&P 500 traded sideways for most of today's session before closing at 4,016.22. EA is flat, while the Communication Services sector seems to be on the same page.

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.

This year has been a bright one for the video games developer after trading as low as $111.6 and going on to appreciate by 3.82% year to date. So far this year, it has been doing worse than the Nasdaq by 4.54%. The video games developer's market cap currently stands at $35.47 billion with an average daily volume of 1.65 million shares.

EA 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 EA investors with an annual dividend yield of 0.596%.

Meanwhile, mixed performances were seen by other communication services stocks as AT&T was up 6.58%. Alphabet lost 2.5% today and closed at $96.73. T-Mobile gained 1.55%, as it traded at $148.07.

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