Brokerages Expect Digital Turbine Inc (APPS) Will Post Earnings of $0.02 Per Share
Wall Street brokerages predict that Digital Turbine Inc (NASDAQ:APPS) will announce earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Digital Turbine’s earnings, with estimates ranging from $0.01 to $0.02. Digital Turbine posted earnings of ($0.01) per share in the same quarter last year, which would suggest a positive year over year growth rate of 300%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 11th.
On average, analysts expect that Digital Turbine will report full-year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.08. For the next financial year, analysts anticipate that the business will post earnings of $0.12 per share, with EPS estimates ranging from $0.08 to $0.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Digital Turbine.
A number of research firms have recently commented on APPS. Zacks Investment Research cut shares of Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. B. Riley restated a “buy” rating and issued a $4.00 price target (up from $2.90) on shares of Digital Turbine in a report on Tuesday, February 26th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $4.00.
Shares of NASDAQ APPS traded up $0.04 during mid-day trading on Thursday, reaching $3.94. The company had a trading volume of 616,100 shares, compared to its average volume of 1,146,106. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The stock has a market cap of $313.52 million, a PE ratio of -43.78 and a beta of 1.79. Digital Turbine has a 52 week low of $1.12 and a 52 week high of $4.18.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.
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