NEW YORK (TheStreet) -- Shares of Electronic Arts (EA - Get Report) are advancing 0.35% to $76.59 in late afternoon trading today as the game producer is slated to post 2017 first quarter results after tomorrow's closing bell.
Analysts expect Electronic Arts to report a loss of 2 cents per share on revenue of $650.7 million.
Last year, the company posted earnings of 15 cents per share on revenue of $693 million for the first quarter.
Video game sales dropped 31% year-over-year in June 2016, but analysts from Piper Jaffray said Electronic Arts' software sales jumped 24% in June due in part to the company's release of its "Mirror's Edge" game, TheFly reports.
The firm added that Electronic Arts is likely to see additional growth as it launches several games in the second half of fiscal 2017, TheFly reports.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate ELECTRONIC ARTS INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
You can view the full analysis from the report here: EAEA data by YCharts