Recap: Digital Turbine Q3 Earnings

Digital Turbine APPS reported its Q3 earnings results on Tuesday, February 8, 2022 at 04:05 PM.

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

Digital Turbine beat estimated earnings by 13.95%, reporting an EPS of $0.49 versus an estimate of $0.43.

Revenue was up $286.89 million from the same period last year.

Last quarter the company beat on EPS by $0.05, which was followed by a 19.01% drop in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.39	0.31	0.19	0.17
EPS Actual	0.44	0.34	0.25	0.21
Revenue Estimate	306.53M	190.28M	88.01M	75.86M
Revenue Actual	310.20M	212.62M	95.08M	88.59M

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 $1.66 and $1.68 per share for the next quarter.

This represents a 240.82% in quarter-over-quarter growth for Digital Turbine, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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