Brokerages Anticipate Digital Turbine Inc (APPS) to Announce -$0.02 EPS

Equities analysts expect that Digital Turbine Inc (NASDAQ:APPS) will announce earnings per share of ($0.02) for the current quarter, Zacks reports. Three analysts have issued estimates for Digital Turbine’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.02). Digital Turbine reported earnings of ($0.08) per share in the same quarter last year, which would indicate a positive year over year growth rate of 75%. The firm is expected to announce its next earnings report after the market closes on Wednesday, February 7th.

On average, analysts expect that Digital Turbine will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.12). For the next year, analysts forecast that the business will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.03) to $0.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for 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 Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $27.90 million for 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 business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share.

A number of equities research analysts have issued reports on APPS shares. B. Riley reiterated a “buy” rating and issued a $2.50 target price on shares of Digital Turbine in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Tuesday, January 9th. Roth Capital reiterated a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th. Finally, ValuEngine upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1.85.

In other news, CEO William Gordon Stone III acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new position in Digital Turbine during the third quarter worth $101,000. Granahan Investment Management Inc. MA bought a new position in shares of Digital Turbine in the third quarter valued at about $350,000. EAM Investors LLC bought a new position in shares of Digital Turbine in the third quarter valued at about $465,000. Essex Investment Management Co. LLC bought a new position in shares of Digital Turbine in the third quarter valued at about $665,000. Finally, Trellus Management Company LLC increased its position in Digital Turbine by 16.8% during the third quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock worth $1,058,000 after acquiring an additional 100,689 shares during the period. Institutional investors own 20.78% of the company’s stock.

Digital Turbine (NASDAQ:APPS) opened at $1.98 on Friday. Digital Turbine has a 52 week low of $0.69 and a 52 week high of $2.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $146.97, a P/E ratio of -6.60 and a beta of 1.52.

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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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