Digital Turbine (NASDAQ:APPS) reported its Q1 earnings results on Monday, August 8, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Digital Turbine beat estimated earnings by 8.57%, reporting an EPS of $0.38 versus an estimate of $0.35.
Revenue was down $23.98 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 22.61% drop in the share price the next day.
Here’s a look at Digital Turbine’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.43 | 0.39 | 0.31 |
| EPS Actual | 0.39 | 0.49 | 0.44 | 0.34 |
| Revenue Estimate | 337.06M | 353.27M | 306.53M | 190.28M |
| Revenue Actual | 184.13M | 375.49M | 310.20M | 212.62M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Digital Turbine management provided guidance for Q2 2023, expecting earnings between $0.32 and $0.34 per share.
To track all earnings releases for Digital Turbine visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
