NEW YORK (TheStreet) -- Shares of Electronic Arts Inc. (EA) are up 3.24% to after Wedbush Securities said it expects the video game publisher to beat estimates when it reports first quarter results, driven by sales of the high profile game, "Titanfall."
Wedbush also reiterated an "outperform" rating and $43 price target and added that strong TV ratings for the World Cup helped drive higher than average sales of the "2014 World Cup: Brazil" video game title, which had been impacted by mediocre reviews.
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Separately, TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELECTRONIC ARTS INC (EA) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: