Earnings results for Digital Turbine (NASDAQ:APPS)
Digital Turbine last posted its quarterly earnings results on August 9th, 2021. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company earned $212.60 million during the quarter, compared to analysts’ expectations of $191.26 million. Its revenue for the quarter was up 260.3% on a year-over-year basis. Digital Turbine has generated $0.68 earnings per share over the last year ($0.60 diluted earnings per share) and currently has a price-to-earnings ratio of 143.4. Earnings for Digital Turbine are expected to grow by 46.72% in the coming year, from $1.37 to $2.01 per share. Digital Turbine has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Digital Turbine will be holding an earnings conference call on Tuesday, November 2nd at 4:30 PM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10161500”.
Analyst Opinion on Digital Turbine (NASDAQ:APPS)
According to the issued ratings of 8 analysts in the last year, the consensus rating for Digital Turbine stock is Buy based on the current 1 hold rating and 7 buy ratings for APPS. The average twelve-month price target for Digital Turbine is $90.44 with a high price target of $132.00 and a low price target of $31.50.
Digital Turbine has received a consensus rating of Buy. The company’s average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $90.44, Digital Turbine has a forecasted upside of 5.1% from its current price of $86.06. Digital Turbine has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Digital Turbine (NASDAQ:APPS)
Digital Turbine does not currently pay a dividend. Digital Turbine does not have a long track record of dividend growth.
Insiders buying/selling: Digital Turbine (NASDAQ:APPS)
In the past three months, Digital Turbine insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $152,730.00 in company stock and sold $0.00 in company stock. Only 5.60% of the stock of Digital Turbine is held by insiders. 53.04% of the stock of Digital Turbine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Digital Turbine (NASDAQ:APPS
Earnings for Digital Turbine are expected to grow by 46.72% in the coming year, from $1.37 to $2.01 per share. The P/E ratio of Digital Turbine is 143.43, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.98. The P/E ratio of Digital Turbine is 143.43, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.14. Digital Turbine has a PEG Ratio of 1.28. PEG Ratios above 1 indicate that a company could be overvalued. Digital Turbine has a P/B Ratio of 53.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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