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

• Digital Turbine Inc APPS.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of two analysts for the quarter was for earnings of 8 cents per share.

• Revenue rose 11% to $130.93 million from a year ago; analysts expected $121.95 million.

• Digital Turbine Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $14.1 million.

• Digital Turbine Inc shares had fallen by 3.6% this quarter and gained 236.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% 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," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Digital Turbine Inc is $5.75, about 1% above its last closing price of $5.69

This summary was machine generated from LSEG data August 5 at 09:43 p.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)