Digital Turbine (APPS - Free Report) closed the most recent trading day at $4.05, moving -0.61% from the previous trading session. This move lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 0.5%.
Coming into today, shares of the mobile software company had gained 12.12% in the past month. In that same time, the Computer and Technology sector gained 2.84%, while the S&P 500 gained 2.62%.
Wall Street will be looking for positivity from APPS as it approaches its next earnings report date. On that day, APPS is projected to report earnings of $0.02 per share, which would represent year-over-year growth of 300%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.55 million, up 26.67% from the year-ago period.
Any recent changes to analyst estimates for APPS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. APPS is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that APPS has a Forward P/E ratio of 34.89 right now. This valuation marks a discount compared to its industry's average Forward P/E of 53.1.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.