Video Game Earnings Reports To Watch: NTDOY & EA

We are officially in the busy stretch of Q4 earnings season, and so far, investors have been pleased with the results from Wall Street’s favorite firms. Things are only just starting to kick off for the technology sector, but in the upcoming week, we will see fresh reports from cloud computing behemoths and legendary consumer brands alike.

Investors should remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

A quick glance at the Earnings Calendar reveals that next week will be a telling period for the video game industry, with Nintendo Co. (NTDOY – Free Report) and Electronic Arts Inc. (EA – Free Report) both set to report. While investors in the video game field are always interested in seeing how specific titles and brands are performing, the results from Nintendo and Electronic Arts should also help show how strong the holiday season was for the industry as a whole, which means that investors will want to pay close attention.

Here’s what you need to know.

Nintendo

This iconic Japanese gaming company is scheduled to release its latest quarterly results on January 31. Shares of Nintendo have soared more than 112% over the past year, thanks in large part to the remarkable success of the Nintendo Switch console. It was likely another busy holiday shopping season for the Switch maker, which currently holds a Zacks Rank #2 (Buy).

Based on our latest consensus estimates, we expect Nintendo to report earnings of 44 cents per share and revenues of $3.81 billion. The Switch recently surpassed 10 million units sold, and the next phase of the device’s growth will be an expansion of developers exploring its ecosystem. Nintendo investors will hope the company has an update in the department. Nevertheless, with NTDOY at a nearly ten-year high, the pressure will be on the company to deliver strong results and guide higher.