Top Wall Street Forecasters Revamp Digital Turbine Expectations Ahead Of Q4 Earnings
The downgrade by B of A Securities and a substantial cut in price target reflect negative sentiment.
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The downgrade by B of A Securities and a substantial cut in price target reflect negative sentiment.
What happened, with direct paths to the underlying reporting
Digital Turbine will report Q4 earnings on June 16. Earnings expected to drop to 4 cents per share from 12 cents. Projected revenue for Q4 is $116.64 million, up from $112.22 million. Analysts have mixed ratings; one downgraded APPS significantly to an Underperform. APPS shares fell 4.1% recently, closing at $4.98.
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