-$0.01 Earnings Per Share Expected for Digital Turbine (APPS) This Quarter

Brokerages predict that Digital Turbine (NASDAQ:APPS) will post ($0.01) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Digital Turbine’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. Digital Turbine posted earnings of ($0.10) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 90%. The company is scheduled to issue its next quarterly earnings report on Wednesday, June 13th.

According to Zacks, analysts expect that Digital Turbine will report full-year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.00. For the next fiscal year, analysts forecast that the company will post earnings of $0.07 per share, with EPS estimates ranging from $0.03 to $0.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Digital Turbine.

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Digital Turbine (NASDAQ:APPS) last announced its earnings results on Wednesday, February 7th. The software maker reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The company had revenue of $38.03 million during the quarter, compared to analysts’ expectations of $31.09 million. Digital Turbine had a negative return on equity of 22.65% and a negative net margin of 18.66%.

APPS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Tuesday, January 9th. B. Riley lifted their target price on Digital Turbine from $2.50 to $2.80 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine upgraded Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Digital Turbine currently has a consensus rating of “Hold” and an average price target of $1.91.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in Digital Turbine by 239.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 69,500 shares of the software maker’s stock valued at $124,000 after acquiring an additional 49,049 shares during the period. Lyon Street Capital LLC purchased a new position in Digital Turbine during the 4th quarter valued at $306,000. Granahan Investment Management Inc. MA purchased a new position in Digital Turbine during the 3rd quarter valued at $350,000. Millennium Management LLC boosted its holdings in Digital Turbine by 178.3% during the 4th quarter. Millennium Management LLC now owns 311,196 shares of the software maker’s stock valued at $557,000 after acquiring an additional 199,392 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Digital Turbine by 17.4% during the 4th quarter. Deutsche Bank AG now owns 447,591 shares of the software maker’s stock valued at $801,000 after acquiring an additional 66,242 shares during the period. Institutional investors own 22.57% of the company’s stock.

Shares of Digital Turbine stock traded down $0.05 on Thursday, reaching $1.71. The company had a trading volume of 682,618 shares, compared to its average volume of 1,069,914. The stock has a market cap of $131.50, a price-to-earnings ratio of -4.72 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 0.84. Digital Turbine has a 1 year low of $0.90 and a 1 year high of $2.59.

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About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. It operates through two segments, Advertising and Content. The Advertising segment offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discover software, which provides application installation and management, as well as detailed reporting to advertisers and carriers; and mobile user acquisition platform that allows mobile advertisers to engage with right customers for their applications.

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

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