Digital Turbine, Inc. (APPS - Free Report) is a provider of convergence of media and mobile communications that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on APPS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Digital Turbine could be a solid choice for investors.
Current Quarter Estimates for APPS
In the past 30 days, one estimate has gone higher for Digital Turbine while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 2 cents today, a significant move.
Current Year Estimates for APPS
Meanwhile, Digital Turbine’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 1 cent a share 30 days ago to 4 cents today, a significant increase.
Digital Turbine, Inc. Price and Consensus
The stock has also started to move higher lately, adding 31.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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