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

Digital Turbine

28/05/2024 22:45

* Digital Turbine Inc  APPS.OQ  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The mean expectation of five analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from zero cents to 17 cents per share.
    * Revenue fell 19.9% to $112.22 million from a year ago;
analysts
expected $117.69 million. 
    * Digital Turbine Inc's reported EPS for the quarter was a
loss of
$2.32​.
    * The company reported a quarterly loss of $236.51 million.
    * Digital Turbine Inc shares had fallen by 18.3% this
quarter and
lost 68.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 4
"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 $3.50 
This summary was machine generated from LSEG data May 28 at
09:45 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
 Mar. 31 2024      0.07           0.12           Beat
 Dec. 31 2023      0.17           0.15           Missed
 Sep. 30 2023      0.14           0.13           Missed
 Jun. 30 2023      0.13           0.18           Beat