Digital Turbine Inc reports results for the quarter ended June

• Digital Turbine Inc APPS reported adjusted quarterly earnings of 7 cents per share for the quarter ended in June, down from the same quarter a year ago when the company reported earnings per share of 18 cents. The average expectation of three analysts for the quarter was earnings of 4 cents per share. Wall Street expected results between 1 and 6 cents per share.

• Sales fell 19.4% year-on-year to $117.99 million; analysts had expected $116.03 million.

• Digital Turbine Inc. reported earnings per share for the quarter was 25 cents.

• The company reported a quarterly loss of $25.16 million.

• Digital Turbine Inc. shares were up 7.2% for the quarter and down 74.1% for the year to date.

FORECAST CHANGES

• Analysts’ average earnings estimate had fallen by about 58.4% over the past three months.

• In the last 30 days, there have been no revisions to earnings forecasts by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating of the stock 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 as of August 7 at 22:30 UTC. All figures in US dollars unless otherwise stated. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])