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

Digital Turbine

07/08/2024 23:31

* Digital Turbine Inc  APPS.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 18 cents.  The mean expectation of three analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from 1 cents to 6 cents per share.
    * Revenue fell 19.4% to $117.99 million from a year ago;
analysts
expected $116.03 million. 
    * Digital Turbine Inc's reported EPS for the quarter was a
loss
of 25 cents​.
    * The company reported a quarterly loss of $25.16 million.
    * Digital Turbine Inc shares had risen by 7.2% this
quarter and
lost 74.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 58.4%
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," 2
"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 $3.00 
This summary was machine generated from LSEG data August 7 at
10:30 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
 Jun. 30 2024      0.04           0.07           Beat
 Mar. 31 2024      0.07           0.12           Beat
 Dec. 31 2023      0.17           0.15           Missed
 Sep. 30 2023      0.14           0.13           Missed