Digital Turbine (APPS) closed at $ 52.95 on the last trading session, marking a movement of -1.14% from the previous day. This move fell behind the S&P 500’s daily gain by 0.28%. Elsewhere, the Dow Jones gained 0.11%, while the tech-rich Nasdaq added 0.14%.
As of today, shares of the mobile software company had gained 6.16% over the past month. At the same time, the IT and tech sector lost 4.59%, while the S&P 500 gained 0.12%.
Digital Turbine will look to show some strength as the next publication of its results approaches. The company is expected to post EPS of $ 0.43, up 104.76% from the previous year quarter. Our most recent consensus estimate projects quarterly revenue of $ 353.1 million, up 298.57% from the prior year period.
For the full year, our Zacks consensus estimates project earnings of $ 1.58 per share and revenue of $ 1.2 billion, which would represent changes of + 113.51% and + 283.79%, respectively, over the previous year.
Investors should also note any recent changes in analyst estimates for Digital Turbine. These revisions generally reflect the latest short-term business trends, which can change frequently. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Based on our research, we believe these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these rating changes and provides an actionable rating system.
Zacks’ ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive record of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Over the past 30 days, our consensus EPS forecast has remained stagnant. The digital turbine currently has a Zacks rank of 3 (Hold).
In view of its valuation, Digital Turbine has a forward P / E ratio of 33.9. For comparison, its industry has an average forward P / E of 57.18, which means Digital Turbine is trading at a discount to the group.
It should also be noted that APPS currently has a PEG ratio of 0.68. This metric is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock’s earnings. Internet – Software stocks are averaging a PEG ratio of 3.02 based on yesterday’s close prices.
The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 182, which places it in the lowest 29% of all 250+ industries.
Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow APPS in future trading sessions, be sure to use Zacks.com.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech industry is expected to exceed $ 2.4 trillion by 2028, as scientists develop treatments for thousands of diseases. They are also finding ways to modify the human genome to literally erase our vulnerability to these diseases.
Zacks just released Century of Biology: 7 Biotech Stocks To Buy Now To Help Investors Profit From 7 Stocks That Are Ready to Outperform. Recommendations from previous editions of this report produced gains of + 205%, + 258%, and + 477%. The actions in this report could perform even better.
See these 7 revolutionary actions now >>
Click to get this free report
Digital Turbine, Inc. (APPS): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks investment research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
