Recap: Electronic Arts Q2 Earnings

Electronic Arts EA reported its Q2 earnings results on Wednesday, November 3, 2021 at 04:01 PM.

Here's what investors need to know about the announcement.

Electronic Arts their estimated earnings by 35.04%, reporting an EPS of $1.58 versus an estimate of $1.17, which surprised analysts.

Revenue was up $700,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.17, which was followed by a 2.17% drop in the share price the next day.

Here's a look at Electronic Arts's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.62	1.05	2.96	0.02
EPS Actual	0.79	1.23	3.06	0.05
Revenue Estimate	1.28B	1.39B	2.39B	971.34M
Revenue Actual	1.34B	1.49B	2.40B	1.15B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Electronic Arts management provided guidance for their next quarter, expecting earnings between $1.1 and $1.1 per share for the nextquarter.

This represents a -30.38% in quarter-over-quarter growth for Electronic Arts, a bearish signal to many investors.

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