Digital Turbine (APPS) Expected to Announce Earnings on Wednesday

Digital Turbine (NASDAQ:APPS) is expected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Digital Turbine to post earnings of $0.13 per share and revenue of $123.68 million for the quarter. Digital Turbine has set its FY 2025 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Wednesday, November 6th. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Digital Turbine had a negative net margin of 61.17% and a positive return on equity of 3.32%. The company had revenue of $118.70 million during the quarter, compared to analyst estimates of $125.85 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, analysts expect Digital Turbine to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Digital Turbine Price Performance

Shares of APPS opened at $2.54 on Tuesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.09 and a quick ratio of 1.09. Digital Turbine has a 1 year low of $1.18 and a 1 year high of $5.34. The business has a 50-day moving average of $1.83 and a 200-day moving average of $2.44. The company has a market capitalization of $263.47 million, a price-to-earnings ratio of -0.86 and a beta of 2.38.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America cut Digital Turbine from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $3.50 to $1.00 in a research report on Friday, November 15th. Craig Hallum decreased their price target on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Macquarie lowered their price objective on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Digital Turbine presently has a consensus rating of “Hold” and a consensus price target of $2.38.

Insider Activity

In related news, Director Robert M. Deutschman bought 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $1.41 per share, for a total transaction of $141,000.00. Following the completion of the purchase, the director now directly owns 571,216 shares of the company’s stock, valued at approximately $805,414.56. This trade represents a 21.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 127,000 shares of company stock valued at $175,610. 5.80% of the stock is currently owned by company insiders.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.