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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Digital Turbine (APPS - Free Report) closed at $3.65 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 0.11% gain on the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the mobile software company had gained 7.46% over the past month, outpacing the Computer and Technology sector's gain of 6.07% and the S&P 500's gain of 4.42% in that time.
Investors will be hoping for strength from APPS as it approaches its next earnings release. The company is expected to report EPS of $0.02, up 300% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.55 million, up 26.67% from the year-ago period.
Any recent changes to analyst estimates for APPS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. APPS is currently a Zacks Rank #2 (Buy).
Digging into valuation, APPS currently has a Forward P/E ratio of 30.86. Its industry sports an average Forward P/E of 53.5, so we one might conclude that APPS is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Digital Turbine (APPS) Outpaces Stock Market Gains: What You Should Know
Digital Turbine (APPS - Free Report) closed at $3.65 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 0.11% gain on the day. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the mobile software company had gained 7.46% over the past month, outpacing the Computer and Technology sector's gain of 6.07% and the S&P 500's gain of 4.42% in that time.
Investors will be hoping for strength from APPS as it approaches its next earnings release. The company is expected to report EPS of $0.02, up 300% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.55 million, up 26.67% from the year-ago period.
Any recent changes to analyst estimates for APPS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. APPS is currently a Zacks Rank #2 (Buy).
Digging into valuation, APPS currently has a Forward P/E ratio of 30.86. Its industry sports an average Forward P/E of 53.5, so we one might conclude that APPS is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.