We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Digital Turbine (APPS) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Digital Turbine (APPS - Free Report) closed at $18.07, marking a +1.35% move from the previous day. This change lagged the S&P 500's 1.5% gain on the day. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq gained 0.32%.
Coming into today, shares of the mobile software company had lost 11.69% in the past month. In that same time, the Computer and Technology sector lost 7.02%, while the S&P 500 lost 6.54%.
Digital Turbine will be looking to display strength as it nears its next earnings release. In that report, analysts expect Digital Turbine to post earnings of $0.35 per share. This would mark year-over-year growth of 2.94%. Meanwhile, our latest consensus estimate is calling for revenue of $184.68 million, down 13.14% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.72 per share and revenue of $863.64 million. These totals would mark changes of +3.61% and -20.21%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Digital Turbine. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Digital Turbine is currently a Zacks Rank #3 (Hold).
Digging into valuation, Digital Turbine currently has a Forward P/E ratio of 10.37. This represents a discount compared to its industry's average Forward P/E of 44.53.
Also, we should mention that APPS has a PEG ratio of 0.38. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.5 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow APPS in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Digital Turbine (APPS) Gains But Lags Market: What You Should Know
In the latest trading session, Digital Turbine (APPS - Free Report) closed at $18.07, marking a +1.35% move from the previous day. This change lagged the S&P 500's 1.5% gain on the day. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq gained 0.32%.
Coming into today, shares of the mobile software company had lost 11.69% in the past month. In that same time, the Computer and Technology sector lost 7.02%, while the S&P 500 lost 6.54%.
Digital Turbine will be looking to display strength as it nears its next earnings release. In that report, analysts expect Digital Turbine to post earnings of $0.35 per share. This would mark year-over-year growth of 2.94%. Meanwhile, our latest consensus estimate is calling for revenue of $184.68 million, down 13.14% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.72 per share and revenue of $863.64 million. These totals would mark changes of +3.61% and -20.21%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Digital Turbine. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Digital Turbine is currently a Zacks Rank #3 (Hold).
Digging into valuation, Digital Turbine currently has a Forward P/E ratio of 10.37. This represents a discount compared to its industry's average Forward P/E of 44.53.
Also, we should mention that APPS has a PEG ratio of 0.38. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.5 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow APPS in the coming trading sessions, be sure to utilize Zacks.com.