Digital Turbine (APPS - Free Report) is set to release third-quarter fiscal 2022 results on Feb 8.
The Zacks Consensus Estimate for the company’s revenues is currently pegged at $353.10 million, whereas it reported $88.59 million in the year-ago quarter.
The consensus mark for earnings has been unchanged at 43 cents per share over the past 30 days. The bottom-line estimate suggests a surge of 104.76% from the figure reported in the year-ago quarter.
Digital Turbine delivered a trailing four-quarter earnings surprise of 16.85%, on average.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
Digital Turbine’s fiscal third-quarter performance is expected to have benefited from steady demand for its cloud-based mobile software offerings, as enterprises continued the shift from on-premise to cloud environments, fuelled by the coronavirus-induced work-from-home wave.
Strength in the company’s on-device media business, supported by international growth in App Media, is expected to have aided the top line in the to-be-reported quarter.
In the content media business, Digital Turbine’s partnership with Verizon (VZ - Free Report) is expected to have helped Digital Turbine pull demand from its media partners in the United States in the soon-to-be-reported quarter.
The effects of the launch of first content products with Verizon are also expected to be reflected in the to-be-reported quarter’s results.
Digital Turbine’s international expansion, with the telecommunications company American Movil in Latin America and multiple OEMs in Asia, is expected to have driven top-line growth.
In the fyber business front, the company’s strategic investments in video rendering of mobile ads to capitalize on the global tailwinds of video ad formats are expected to have helped drive top-line growth.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Digital Turbine has an Earnings ESP of 0.00% and a Zacks Rank #3, currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Onto Innovation (ONTO - Free Report) has an Earnings ESP of +0.90% and a Zacks Rank #2. The company is scheduled to release fourth-quarter 2021 results on Feb 8.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Onto’s shares have gained 46.1% in the past year against the Zacks Nanotechnology industry fall of 69%. Notably, the Zacks Computer and Technology Sector witnessed a rise of 2.8%.
Mandiant has an Earnings ESP of +2.50% and it currently sports a Zacks Rank #1. The company is scheduled to release fourth-quarter 2021 results on Feb 8.
Mandiant’s shares have tumbled 30.9% in the past year against the Zacks Security and the Zacks Computer and Technology Sector’s rise of 26.1% and 2.8%, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Digital Turbine (APPS - Free Report) is set to release third-quarter fiscal 2022 results on Feb 8.
The Zacks Consensus Estimate for the company’s revenues is currently pegged at $353.10 million, whereas it reported $88.59 million in the year-ago quarter.
The consensus mark for earnings has been unchanged at 43 cents per share over the past 30 days. The bottom-line estimate suggests a surge of 104.76% from the figure reported in the year-ago quarter.
Digital Turbine delivered a trailing four-quarter earnings surprise of 16.85%, on average.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
Digital Turbine’s fiscal third-quarter performance is expected to have benefited from steady demand for its cloud-based mobile software offerings, as enterprises continued the shift from on-premise to cloud environments, fuelled by the coronavirus-induced work-from-home wave.
Strength in the company’s on-device media business, supported by international growth in App Media, is expected to have aided the top line in the to-be-reported quarter.
In the content media business, Digital Turbine’s partnership with Verizon (VZ - Free Report) is expected to have helped Digital Turbine pull demand from its media partners in the United States in the soon-to-be-reported quarter.
The effects of the launch of first content products with Verizon are also expected to be reflected in the to-be-reported quarter’s results.
Digital Turbine’s international expansion, with the telecommunications company American Movil in Latin America and multiple OEMs in Asia, is expected to have driven top-line growth.
In the fyber business front, the company’s strategic investments in video rendering of mobile ads to capitalize on the global tailwinds of video ad formats are expected to have helped drive top-line growth.
What Our Model Says
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Digital Turbine has an Earnings ESP of 0.00% and a Zacks Rank #3, currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a few companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Onto Innovation (ONTO - Free Report) has an Earnings ESP of +0.90% and a Zacks Rank #2. The company is scheduled to release fourth-quarter 2021 results on Feb 8.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Onto’s shares have gained 46.1% in the past year against the Zacks Nanotechnology industry fall of 69%. Notably, the Zacks Computer and Technology Sector witnessed a rise of 2.8%.
Mandiant has an Earnings ESP of +2.50% and it currently sports a Zacks Rank #1. The company is scheduled to release fourth-quarter 2021 results on Feb 8.
Mandiant’s shares have tumbled 30.9% in the past year against the Zacks Security and the Zacks Computer and Technology Sector’s rise of 26.1% and 2.8%, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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