We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AppLovin (APP) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
AppLovin (APP - Free Report) closed at $479.49 in the latest trading session, marking a -6.93% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.22%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.35%.
The mobile app technology company's shares have seen an increase of 8.03% over the last month, surpassing the Business Services sector's gain of 0.83% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of AppLovin in its upcoming release. The company is expected to report EPS of $3.7, up 63.72% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.94 billion, reflecting a 54.14% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $15.86 per share and revenue of $8.26 billion, which would represent changes of +57.97% and +42.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AppLovin. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AppLovin currently has a Zacks Rank of #3 (Hold).
Looking at valuation, AppLovin is presently trading at a Forward P/E ratio of 32.49. This denotes a premium relative to the industry average Forward P/E of 15.84.
Meanwhile, APP's PEG ratio is currently 0.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.43.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 165, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
AppLovin (APP) Declines More Than Market: Some Information for Investors
AppLovin (APP - Free Report) closed at $479.49 in the latest trading session, marking a -6.93% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.22%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.35%.
The mobile app technology company's shares have seen an increase of 8.03% over the last month, surpassing the Business Services sector's gain of 0.83% and the S&P 500's gain of 1.56%.
Market participants will be closely following the financial results of AppLovin in its upcoming release. The company is expected to report EPS of $3.7, up 63.72% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.94 billion, reflecting a 54.14% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $15.86 per share and revenue of $8.26 billion, which would represent changes of +57.97% and +42.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AppLovin. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. AppLovin currently has a Zacks Rank of #3 (Hold).
Looking at valuation, AppLovin is presently trading at a Forward P/E ratio of 32.49. This denotes a premium relative to the industry average Forward P/E of 15.84.
Meanwhile, APP's PEG ratio is currently 0.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.43.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 165, placing it within the bottom 33% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.