Recap: Digital Turbine Q2 Earnings

Digital Turbine APPS reported its Q2 earnings results on Tuesday, November 2, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Digital Turbine their estimated earnings by 12.82%, reporting an EPS of $0.44 versus an estimate of $0.39, which surprised analysts.

Revenue was up $239,312,000 from the same period last year.

Last quarter the company beat on EPS by $0.03, which was followed by a 6.82% drop in the share price the next day.

Here's a look at Digital Turbine's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.31	0.19	0.17	0.11
EPS Actual	0.34	0.25	0.21	0.15
Revenue Estimate	190.28M	88.01M	75.86M	60.48M
Revenue Actual	212.62M	95.08M	88.59M	70.89M

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).

Digital Turbine management provided guidance for their next quarter, expecting earnings between $0.38 and $0.38 per share for the nextquarter.

This represents a -13.64% in quarter-over-quarter growth for Digital Turbine, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

Earnings Calendar