Electronic Arts Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Electronic Arts Inc. (NASDAQ:EA) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Electronic Arts Inc develops, markets, publishes, and distributes game software content and for video game consoles, personal computers, mobile phones, tablets and electronic readers, and the Internet.

Electronic Arts Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 41 cents per share, a decline of 52.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 63 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 43 cents during the last month. For the year, analysts are projecting net income of 56 cents per share, a rise of 64.7% from last year.

Past Earnings Performance: Last quarter, the company topped expectations by one cent, coming in at profit of one cent per share versus a mean estimate of 0 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.29 billion in revenue this quarter, a decline of 21.8% from the year-ago quarter. Analysts are forecasting total revenue of $4.08 billion for the year, a decline of 2.6% from last year’s revenue of $4.19 billion.

Here’s how Electronic Arts traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: