Why Electronic Arts (EA) is the best stock with Momentum

20.10.2023

Electronic Arts, known as EA, is a leading developer, marketer, publisher and distributor of digital interactive entertainment, including games, additional content and services. The company’s portfolio includes games both in-house, such as Apex Legends, Battlefield and The Sims, and licensed from other companies, including Madden NFL, Star Wars and others.

EA stock has a Zacks Rank #3 (Hold), a Momentum Style Score of B and a VGM Score of B. The stock is down 2.5% over the past week and up 7.9% over the past four weeks. EA is also up 3.8% over the past year. Looking at trading volume, an average of 1,805,979 shares have changed hands over the past 20 trading days.

Value-oriented investors pay attention to more than just price changes, positive earnings momentum also plays an important role. In the past 60 days, two analysts have revised upward their FY 2024 earnings forecast. The Zacks consensus estimate rose $0.01 to $6.86 per share. EA boasts an average earnings surprise of 7.9%.

Investors should look to EA in their portfolios as it has a solid Zacks rating, notable earnings performance, and impressive Momentum and VGM style valuations.