Digital Turbine (NASDAQ:APPS) plunged in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $0.14, which missed analysts’ consensus estimate of $0.18 per share. Sales decreased by 23.9% year-over-year, with revenue hitting $140.1 million. This also missed analysts’ expectations.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Looking forward, management now expects revenue and adjusted earnings per share for Q1 2024 to be in the ranges of $140 million to $145 million and $0.11 to $0.13, respectively. For reference, analysts were expecting $148.53 million in revenue along with an adjusted EPS of $0.22.
Overall, Wall Street has a consensus price target of $12 on APPS stock, with two Buys and one Hold assigned in the past three months.