Digital Turbine Inc reports results for the quarter ended in September 30 - Earnings Summary

• Digital Turbine Inc APPS.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of three analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 3 cents to 9 cents per share.

• Revenue fell 17.1% to $118.73 million from a year ago; analysts expected $125.85 million.

• Digital Turbine Inc's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $24.99 million.

• Digital Turbine Inc shares had risen by 5.9% this quarter and lost 52.6% 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," 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 $3.50

This summary was machine generated from LSEG data November 7 at 04:47 a.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)