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Digital Turbine (APPS) Dips More Than Broader Markets: What You Should Know
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Digital Turbine (APPS - Free Report) closed at $3.90 in the latest trading session, marking a -1.52% move from the prior day. This change lagged the S&P 500's 0.68% loss on the day. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 1.46%.
Heading into today, shares of the mobile software company had gained 15.45% over the past month, outpacing the Computer and Technology sector's loss of 3.33% and the S&P 500's loss of 1.19% in that time.
Wall Street will be looking for positivity from APPS as it approaches its next earnings report date. 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 typically reflect the latest short-term business trends, which can change frequently. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. APPS currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that APPS has a Forward P/E ratio of 33.94 right now. For comparison, its industry has an average Forward P/E of 58.88, which means APPS is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Digital Turbine (APPS) Dips More Than Broader Markets: What You Should Know
Digital Turbine (APPS - Free Report) closed at $3.90 in the latest trading session, marking a -1.52% move from the prior day. This change lagged the S&P 500's 0.68% loss on the day. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq lost 1.46%.
Heading into today, shares of the mobile software company had gained 15.45% over the past month, outpacing the Computer and Technology sector's loss of 3.33% and the S&P 500's loss of 1.19% in that time.
Wall Street will be looking for positivity from APPS as it approaches its next earnings report date. 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 typically reflect the latest short-term business trends, which can change frequently. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. APPS currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that APPS has a Forward P/E ratio of 33.94 right now. For comparison, its industry has an average Forward P/E of 58.88, which means APPS is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.