Time New York: Tue 28 Jan 05:43 am  |  Save 15% on H&R Block Online


Why Digital Turbine (APPS) Could Be Positioned for a Surge


Digital Turbine, Inc. APPS is a provider of convergence of media and mobile communications that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on APPS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Digital Turbine could be a solid choice for investors.

Current Quarter Estimates for APPS

In the past 30 days, one estimate has gone higher for Digital Turbine while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 2 cents today, a significant move.

Current Year Estimates for APPS

Meanwhile, Digital Turbine’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 1 cent a share 30 days ago to 4 cents today, a significant increase.

Digital Turbine, Inc. Price and Consensus

Digital Turbine, Inc. Price and Consensus | Digital Turbine, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 31.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.