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AppLovin (APP) Declines More Than Market: Some Information for Investors
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AppLovin (APP - Free Report) closed at $290.43 in the latest trading session, marking a -4.98% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the mobile app technology company witnessed a loss of 1.95% over the previous month, beating the performance of the Business Services sector with its loss of 5.76%, and underperforming the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of AppLovin in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.95, showcasing a 61.22% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $2.08 billion, reflecting a 47.82% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.76 per share and a revenue of $8.12 billion, indicating changes of +56.97% and +39.83%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for AppLovin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.49% higher within the past month. AppLovin is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, AppLovin is at present trading with a Forward P/E ratio of 19.39. This expresses a premium compared to the average Forward P/E of 16.12 of its industry.
One should further note that APP currently holds a PEG ratio of 0.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. APP's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 166, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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AppLovin (APP) Declines More Than Market: Some Information for Investors
AppLovin (APP - Free Report) closed at $290.43 in the latest trading session, marking a -4.98% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. Meanwhile, the Dow experienced a drop of 0.86%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Shares of the mobile app technology company witnessed a loss of 1.95% over the previous month, beating the performance of the Business Services sector with its loss of 5.76%, and underperforming the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of AppLovin in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.95, showcasing a 61.22% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $2.08 billion, reflecting a 47.82% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.76 per share and a revenue of $8.12 billion, indicating changes of +56.97% and +39.83%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for AppLovin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.49% higher within the past month. AppLovin is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, AppLovin is at present trading with a Forward P/E ratio of 19.39. This expresses a premium compared to the average Forward P/E of 16.12 of its industry.
One should further note that APP currently holds a PEG ratio of 0.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. APP's industry had an average PEG ratio of 1.22 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 166, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.