Electronic Arts Releases New Star Wars Jedi: Fallen Order
Electronic Arts’ EA portfolio strength has been its major growth driver in recent times. The company’s second-quarter fiscal 2020 results benefited from strong popularity of its well-recognized games, including Apex Legends, Ultimate Team in FIFA and Madden NFL, The Sims 4, and FIFA Online.
The company has a strong lineup of game releases, including the recent launch of Star Wars Jedi: Fallen Order, on Nov 15.
The latest title is a story-driven action adventure game available worldwide on Xbox One, PlayStation 4, PC via Origin and Steam and also on the Epic Games Store, a month before the theatrical release of Star Wars: The Rise of Skywalker.
Other notable game launches slated in the fiscal third quarter include Need for Speed Heat and Plants vs. Zombies: Battle for Neighborville. EA plans to bring at least 20 new content drops and expansion packs to The Sims franchise in fiscal 2020.
Notably, EA has been one of the top-performing gaming stocks on a year-to-date basis. Shares have returned 23.4%, outperforming the industry’s rally of 14.7% during this time frame.
Year To Date Performance
Star Wars Jedi: Fallen Order Details
The latest addition to the popular Star Wars series enables players to experience the journey of becoming a Jedi with characters old and new, and a story that is now an authentic part of the Star Wars universe.
Players take control of the Cal Kestis character as he attempts to survive while being chased by the Empire, including the Inquisitor, the Second Sister. Young Cal visits new worlds and ones from Star Wars lore such as Kashyyyk, with the assistance of the Rebel extremist Saw Gerrera and his mentor Cere Junda.
Players get to use lightsabers and Force powers in challenges. In combat, Force usage consists of three different abilities which include Force Push, Force Pull, and Force Slow.
Intensifying competition from the likes of Activision ATVI, Take Two TTWO and Zynga ZNGA pose concerns for EA.
Release of Take Two Interactive’s Borderlands 3 and Activision’s Call of Duty: Modern Warfare game is expected to challenge EA in the video gaming space, prior to the upcoming holiday season.
Nevertheless, EA’s award-winning portfolio of games, exciting content and new releases poise it well for near-term growth.
Currently, EA carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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