1APPS trade ideas
APPS reversalAPPS looks ready to starting moving back to the upside. Inverted hammer on daily at a major support level. Entry will be when price breaks today's high. First quick price target is $59-60, then $66. Earnings overreactions are my favorite plays. Bottoms are easy to spot and moves back to previous structure levels are quick.
APPS time to reload more?Digital Turbine (APPS) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this mobile software company would post earnings of $0.22 per share when it actually produced earnings of $0.25, delivering a surprise of 13.64%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Digital Turbine, Software industry, posted revenues of $212.62 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 11.87%. This compares to year-ago revenues of $59.01 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Digital Turbine (APPS) Q1 Earnings and Revenues Top EstimatesDigital Turbine (APPS) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.13 per share a year ago.
Digital Turbine, which belongs to the Zacks Internet - Software industry, posted revenues of $212.62 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 11.87%. This compares to year-ago revenues of $59.01 million. The company has topped consensus revenue estimates three times over the last four quarters.
ABC BullishEarnings are today after market close.
Possible stop under C.
Looks like last miss was in December of 2019.
I remember when this was under 10 dollars a share! Do I wish I had bought it then? YES! Did I? NO (o: I did keep an eye on it but it got away from me. Oh well, we can not buy everything. I plan to watch this one,
Price is under the 50 (orange) simple moving average but is recently above the 200 (red) and this long term SMA is sloping up. The 100 is yellow and is in the middle.
Appears a doji was just engulfed by a red candle but this candle could change by market close.
No recommendation
APPS - Strongest!-Digital Turbine is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
-Within the past quarter, the Zacks Consensus Estimate for APPS's full-year earnings has moved 42.22% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
-According to our latest data, APPS has moved about 37.48% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.72% on a year-to-date basis. This means that Digital Turbine is outperforming the sector as a whole this year.
-APPS will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
Clear as day!!!From my honest elliott perspective I see a clear trend. After a correction at the start we started our impulsive wave to the upside.
At the moment we are looking for a quick retracement down between .236 and .382 to complete the fourth wave. Fourth wave can be very choppy and alot of sideways action.