Digital Turbine (NASDAQ:APPS) plunged in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Earnings per share came in at $0.14, which missed analysts’ consensus estimate of $0.18 per share. Sales decreased by 23.9% year-over-year, with revenue hitting $140.1 million. This also missed analysts’ expectations.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Looking forward, management now expects revenue and adjusted earnings per share for Q1 2024 to be in the ranges of $140 million to $145 million and $0.11 to $0.13, respectively. For reference, analysts were expecting $148.53 million in revenue along with an adjusted EPS of $0.22.

Overall, Wall Street has a consensus price target of $12 on APPS stock, with two Buys and one Hold assigned in the past three months.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue