In the latest trading session, Glu Mobile (GLUU - Free Report) closed at $7.14, marking a +1.28% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 1.01%.
Heading into today, shares of the mobile game maker had lost 6.25% over the past month, outpacing the Consumer Discretionary sector's loss of 8.51% and the S&P 500's loss of 6.82% in that time.
Wall Street will be looking for positivity from GLUU as it approaches its next earnings report date. This is expected to be November 6, 2018. On that day, GLUU is projected to report earnings of $0.07 per share, which would represent year-over-year growth of 177.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $96.49 million, up 12.61% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.25 per share and revenue of $378.66 million. These totals would mark changes of +156.82% and +22.86%, respectively, from last year.
Any recent changes to analyst estimates for GLUU should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. GLUU currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, GLUU is holding a Forward P/E ratio of 28.43. Its industry sports an average Forward P/E of 24.03, so we one might conclude that GLUU is trading at a premium comparatively.
Meanwhile, GLUU's PEG ratio is currently 1.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GLUU's industry had an average PEG ratio of 1.73 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 237, putting it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.