Glu Mobile (NAS: GLUU) is expected to report Q3 earnings on Nov. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Glu Mobile's revenues will grow 20.4% and EPS will remain in the red.
The average estimate for revenue is $21.4 million. On the bottom line, the average EPS estimate is -$0.11.
Last quarter, Glu Mobile reported revenue of $23.6 million. GAAP reported sales were 34% higher than the prior-year quarter's $17.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.05. GAAP EPS were -$0.05 for Q2 versus -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 91.0%, 870 basis points better than the prior-year quarter. Operating margin was -19.1%, 1,100 basis points worse than the prior-year quarter. Net margin was -12.6%, 270 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $94.7 million. The average EPS estimate is -$0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 181 members out of 211 rating the stock outperform, and 30 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Glu Mobile a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Glu Mobile is buy, with an average price target of $7.10.
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The article Will Glu Mobile Beat These Analyst Estimates? originally appeared on Fool.com.
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