Digital Turbine (APPS) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• Digital Turbine (NASDAQ:APPS) is set to announce its Q1 2026 earnings on August 5th, with analysts projecting earnings of $0.10 per share and revenue of $121.94 million.
• The company recently reported $0.10 EPS, exceeding estimates, and revenue of $119.15 million, compared to expectations of $116.64 million.
• Following recent activity, hedge funds own 63.66% of Digital Turbine, with significant stake increases from firms like Goldman Sachs, which boosted its position by 74.8% in the first quarter.

Digital Turbine (NASDAQ:APPS - Get Free Report) is projected to release its Q1 2026 earnings data after the market closes on Tuesday, August 5th. Analysts expect Digital Turbine to post earnings of $0.10 per share and revenue of $121.94 million for the quarter. Digital Turbine has set its FY 2026 guidance at EPS.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its quarterly earnings results on Monday, June 16th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. The business had revenue of $119.15 million during the quarter, compared to analyst estimates of $116.64 million. During the same period last year, the business posted $0.12 earnings per share. On average, analysts expect Digital Turbine to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Digital Turbine Trading Down 6.1%

Shares of APPS traded down $0.33 during midday trading on Friday, hitting $5.12. 4,297,300 shares of the stock were exchanged, compared to its average volume of 3,433,581. Digital Turbine has a 52-week low of $1.18 and a 52-week high of $7.77. The stock has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $4.09. The firm has a market cap of $552.76 million, a P/E ratio of -5.75 and a beta of 2.57. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.09 and a current ratio of 1.09.

Hedge Funds Weigh In On Digital Turbine

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Digital Turbine by 74.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker's stock worth $2,774,000 after purchasing an additional 437,310 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker's stock worth $156,000 after purchasing an additional 2,449 shares during the period. Finally, Strs Ohio acquired a new position in Digital Turbine during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 63.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APPS. Craig Hallum raised their price target on Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Wall Street Zen raised Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.