Big Game Maker Stocks Waiting on Electronic Arts

Electronic Arts (NASDAQ:ERTS) reports Q1 2010 results after the bell today and the Street expects a loss of 35 cents per share on revenue of $502.3 million.

Electronic Arts (ERTS) shares are trading in limbo at $16.30, near the bottom of its 52-week range of $14.06 to $22.14.  The same goes for Activision Blizzard (NASDAQ:ATVI), its shares are stuck at $11 and trading right in the middle of its 12 month range.   However Take-Two Interactive (NASDAQ:TTWO) shares have managed to increase 33% from its 52-week low, its shares are up 1% today at $10.54.

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Electronic Arts Inc (ERTS) are now trading with a P/E Ratio of 0 and EPS of -2.09.
More on what to expect from iStockAnalyst.com -- The April-June period has been a lackluster quarter with few big game launches for EA. But analysts expect the remainder of the year - for EA as well as for the rest of the video game sector - to be stronger. Wedbush Morgan's Michael Pachter, who rates EA "Outperform," says the company's lineup for the rest of the year is "very strong."

Upcoming games expected to sell well include shooters such as "Crysis 2," "Dead Space 2" as well as the fitness game "EA Sports Active 2.0," and "The Sims 4."

Other analysts are not as optimistic. Signal Hill's Todd Greenwald says the June quarter was not very encouraging for most game publishers besides Take-Two Interactive Software Inc. (TTWO) with its hit "Red Dead Redemption."

The analyst, who rates EA "Hold," expects weak numbers for the quarter and says there is some risk to the company meeting Wall Street's expectations.

"EA's guidance for the September quarter may also be at risk, partially due to weak demand for the sports genre, but also due to the timing of its titles this year vs. last," Greenwald wrote in a note to investors.

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