According to Zacks, analysts expect that Glu Mobile will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.32) to ($0.28). For the next financial year, analysts expect that the firm will post earnings of ($0.17) per share, with EPS estimates ranging from ($0.22) to ($0.12). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Glu Mobile.
Wall Street brokerages expect that Glu Mobile Inc. (NASDAQ:GLUU) will post ($0.07) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Glu Mobile’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.09). Glu Mobile posted earnings of ($0.06) per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 1st.
Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. Glu Mobile had a negative net margin of 43.59% and a negative return on equity of 27.11%. The business earned $56.80 million during the quarter, compared to the consensus estimate of $53.59 million. During the same period in the previous year, the business posted ($0.03) EPS. Glu Mobile’s revenue was up 4.2% compared to the same quarter last year. Several research analysts have recently issued reports on GLUU shares. Zacks Investment Research upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Wednesday, February 8th. Roth Capital upgraded shares of Glu Mobile from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Monday, February 6th. Canaccord Genuity reiterated a “hold” rating and issued a $3.00 target price on shares of Glu Mobile in a research note on Friday, February 10th. Wedbush set a $2.00 target price on shares of Glu Mobile and gave the stock a “hold” rating in a research note on Wednesday, February 8th. Finally, Mizuho upped their target price on shares of Glu Mobile from $2.30 to $2.40 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.71.
Shares of Glu Mobile (NASDAQ:GLUU) traded up 4.17% during trading on Monday, reaching $2.50. 6,081,597 shares of the company traded hands. The firm’s 50 day moving average is $2.28 and its 200-day moving average is $2.16. Glu Mobile has a 12-month low of $1.73 and a 12-month high of $2.95. The stock’s market capitalization is $336.79 million. A number of hedge funds and other institutional investors have recently modified their holdings of GLUU. Capital Advisors Inc. OK bought a new position in shares of Glu Mobile during the third quarter worth $103,000. Creative Planning increased its position in shares of Glu Mobile by 1.8% in the first quarter. Creative Planning now owns 49,901 shares of the company’s stock worth $113,000 after buying an additional 901 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Glu Mobile by 140.8% in the first quarter. UBS Asset Management Americas Inc. now owns 73,207 shares of the company’s stock worth $166,000 after buying an additional 42,800 shares during the period. Bank of Montreal Can bought a new position in shares of Glu Mobile during the first quarter worth $171,000. Finally, Russell Investments Group Ltd. increased its position in shares of Glu Mobile by 163.9% in the first quarter. Russell Investments Group Ltd. now owns 133,650 shares of the company’s stock worth $303,000 after buying an additional 83,002 shares during the period. Institutional investors own 26.56% of the company’s stock.
Glu Mobile Company Profile Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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