Zacks: Brokerages Expect Digital Turbine, Inc. (APPS) to Post -$0.02 EPS

Equities analysts expect Digital Turbine, Inc. (NASDAQ:APPS) to report ($0.02) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Digital Turbine’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.02). Digital Turbine reported earnings per share of ($0.08) during the same quarter last year, which indicates a positive year-over-year growth rate of 75%. The business is scheduled to report its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Digital Turbine will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.20) to ($0.12). For the next fiscal year, analysts forecast that the business will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.03) to ($0.02). Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Digital Turbine.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $26.96 million. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. B. Riley restated a “buy” rating and set a $2.00 price target (up previously from $1.40) on shares of Digital Turbine in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1.55.

In related news, CEO William Gordon Stone III purchased 50,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Granahan Investment Management Inc. MA purchased a new stake in shares of Digital Turbine during the 3rd quarter worth approximately $350,000. Unterberg Capital LLC grew its stake in Digital Turbine by 237.5% in the 3rd quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock valued at $2,039,000 after buying an additional 950,000 shares in the last quarter. EAM Investors LLC purchased a new position in Digital Turbine in the 3rd quarter valued at approximately $465,000. Perkins Capital Management Inc. grew its stake in Digital Turbine by 5.5% in the 3rd quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock valued at $1,376,000 after buying an additional 47,500 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Digital Turbine in the 3rd quarter valued at approximately $101,000. Institutional investors own 20.98% of the company’s stock.

Digital Turbine (NASDAQ APPS) traded down $0.02 during trading hours on Friday, reaching $1.83. 785,200 shares of the company’s stock traded hands, compared to its average volume of 304,444. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.19. Digital Turbine has a 52-week low of $0.64 and a 52-week high of $1.98.

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About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

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

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