Glu Mobile closed at $10.80 in the latest trading session, marking a -1.33% move from the prior day. This change lagged the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the mobile game maker had lost 3.01% in the past month. In that same time, the Consumer Discretionary sector gained 7.01%, while the S&P 500 gained 4%.
Investors will be hoping for strength from GLUU as it approaches its next earnings release, which is expected to be May 6, 2019. On that day, GLUU is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 66.67%. Our most recent consensus estimate is calling for quarterly revenue of $90.16 million, up 4.47% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.35 per share and revenue of $445.58 million. These totals would mark changes of +250% and +15.86%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GLUU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GLUU currently has a Zacks Rank of #3 (Hold).
Digging into valuation, GLUU currently has a Forward P/E ratio of 31.62. This represents a premium compared to its industry's average Forward P/E of 21.43.
Meanwhile, GLUU's PEG ratio is currently 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% 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.
Image: Bigstock
Glu Mobile (GLUU) Dips More Than Broader Markets: What You Should Know
Glu Mobile closed at $10.80 in the latest trading session, marking a -1.33% move from the prior day. This change lagged the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the mobile game maker had lost 3.01% in the past month. In that same time, the Consumer Discretionary sector gained 7.01%, while the S&P 500 gained 4%.
Investors will be hoping for strength from GLUU as it approaches its next earnings release, which is expected to be May 6, 2019. On that day, GLUU is projected to report earnings of $0.05 per share, which would represent year-over-year growth of 66.67%. Our most recent consensus estimate is calling for quarterly revenue of $90.16 million, up 4.47% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.35 per share and revenue of $445.58 million. These totals would mark changes of +250% and +15.86%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for GLUU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GLUU currently has a Zacks Rank of #3 (Hold).
Digging into valuation, GLUU currently has a Forward P/E ratio of 31.62. This represents a premium compared to its industry's average Forward P/E of 21.43.
Meanwhile, GLUU's PEG ratio is currently 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Toys - Games - Hobbies stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% 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.