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AppLovin (APP) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, AppLovin (APP - Free Report) closed at $278.78, marking a -1.13% move from the previous day. This move lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
The stock of mobile app technology company has fallen by 12.04% in the past month, lagging the Business Services sector's loss of 5.07% and the S&P 500's gain of 0.84%.
The investment community will be paying close attention to the earnings performance of AppLovin in its upcoming release. The company is predicted to post an EPS of $3.95, indicating a 61.22% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.08 billion, up 47.82% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $15.72 per share and a revenue of $8.1 billion, demonstrating changes of +56.57% and +39.49%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AppLovin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.22% rise in the Zacks Consensus EPS estimate. AppLovin is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, AppLovin is holding a Forward P/E ratio of 17.94. For comparison, its industry has an average Forward P/E of 15.83, which means AppLovin is trading at a premium to the group.
Meanwhile, APP's PEG ratio is currently 0.59. 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. The average PEG ratio for the Technology Services industry stood at 1.21 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 29% of over 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) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, AppLovin (APP - Free Report) closed at $278.78, marking a -1.13% move from the previous day. This move lagged the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.45%.
The stock of mobile app technology company has fallen by 12.04% in the past month, lagging the Business Services sector's loss of 5.07% and the S&P 500's gain of 0.84%.
The investment community will be paying close attention to the earnings performance of AppLovin in its upcoming release. The company is predicted to post an EPS of $3.95, indicating a 61.22% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.08 billion, up 47.82% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $15.72 per share and a revenue of $8.1 billion, demonstrating changes of +56.57% and +39.49%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AppLovin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.22% rise in the Zacks Consensus EPS estimate. AppLovin is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, AppLovin is holding a Forward P/E ratio of 17.94. For comparison, its industry has an average Forward P/E of 15.83, which means AppLovin is trading at a premium to the group.
Meanwhile, APP's PEG ratio is currently 0.59. 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. The average PEG ratio for the Technology Services industry stood at 1.21 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 175, placing it within the bottom 29% of over 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.