Digital Turbine Inc expected to post earnings of 7 cents a share - Earnings Preview

Digital Turbine

24/05/2024 21:25

* Digital Turbine Inc  APPS.OQ   APPS.O  is expected to show
a
fall in quarterly revenue when it reports  results on May 28 for
the period ending March 31 2024
    * The Austin Texas-based  company is expected to report a
16.0% decrease in revenue to $117.69 million from $140.12
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Majority is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Digital Turbine Inc is
for
earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Digital
Turbine
Inc is $3.50​, above​ its last closing price of $2.19. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.17        0.17       0.15      Missed  -12.8
 Sep. 30 2023  0.14        0.14       0.13      Missed  -10.1
 Jan. 1 0001   0.13        0.13       0.18      Beat    42​
 Mar. 31 2023  0.18        0.18       0.14      Missed  -21.2
 ​​Jan.        0.37        0.37       0.29      Missed  -21.7
 1 0001                                                 
 Sep. 30 2022  0.33        0.33       0.34      Beat    4.3​
 Jun. 30 2022  0.35        0.35       0.38      Beat    9.1
 Mar. 31 2022  0.39        0.39       0.39      Met     -0.3
 This summary was machine generated May 24 at 20:25 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)