Zacks: Brokerages Anticipate Digital Turbine Inc (APPS) Will Announce Earnings of $0.02 Per Share

Equities research analysts expect Digital Turbine Inc (NASDAQ:APPS) to post earnings of $0.02 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Digital Turbine’s earnings, with estimates ranging from $0.01 to $0.02. Digital Turbine reported earnings per share of ($0.01) in the same quarter last year, which would suggest a positive year-over-year growth rate of 300%. The firm is scheduled to issue its next earnings results on Tuesday, June 11th.

According to Zacks, 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 year, analysts expect that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.08 to $0.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Digital Turbine.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, April 10th. B. Riley reissued a “buy” rating and issued a $4.00 target price (up from $2.90) on shares of Digital Turbine in a research note on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $4.00.



Hedge funds have recently added to or reduced their stakes in the business. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Digital Turbine during the first quarter worth $35,000. Cornerstone Wealth Group LLC bought a new position in Digital Turbine during the first quarter worth $44,000. Bayesian Capital Management LP bought a new position in Digital Turbine during the first quarter worth $57,000. Charles Schwab Investment Management Inc. bought a new position in Digital Turbine during the first quarter worth $63,000. Finally, Sterling Investment Advisors Ltd. bought a new position in Digital Turbine during the first quarter worth $88,000. 18.49% of the stock is owned by hedge funds and other institutional investors.

Shares of APPS traded down $0.02 during mid-day trading on Thursday, hitting $3.88. 1,007,209 shares of the company’s stock were exchanged, compared to its average volume of 1,157,266. The stock has a market capitalization of $319.24 million, a P/E ratio of -43.11 and a beta of 1.79. Digital Turbine has a 52 week low of $1.12 and a 52 week high of $4.18. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.20.

Digital Turbine Company Profile

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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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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