Digital Turbine Inc reports results for the quarter ended in December - Earnings Summary

Digital Turbine

07/02/2024 22:38

* Digital Turbine Inc  APPS.OQ  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
six analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 16 cents to 18
cents per share.
    * Revenue fell 12.1% to $142.63 million from a year ago;
analysts
expected $146.21 million. 
    * Digital Turbine Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $14.06 million.
    * Digital Turbine Inc shares had fallen by 23.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Digital Turbine
Inc is $5.50 
This summary was machine generated from LSEG data February 7 at
10:38 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.17           0.15           Missed
 Sep. 30 2023      0.14           0.13           Missed
 Jun. 30 2023      0.13           0.18           Beat
 Mar. 31 2023      0.18           0.14           Missed