Digital Turbine (APPS - Free Report) closed at $3.76 in the latest trading session, marking a -1.57% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.41%. Elsewhere, the Dow lost 2.38%, while the tech-heavy Nasdaq lost 3.41%.
Heading into today, shares of the mobile software company had gained 7.3% over the past month, outpacing the Computer and Technology sector's loss of 1.01% and the S&P 500's loss of 0.08% in that time.
APPS will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.02, up 300% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.55 million, up 26.67% from the year-ago period.
Investors should also note any recent changes to analyst estimates for APPS. 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. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. APPS is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note APPS's current valuation metrics, including its Forward P/E ratio of 32.74. For comparison, its industry has an average Forward P/E of 60.66, which means APPS is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% 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.