Several analysts from Wall Street have forecasted that the stocks of APPS will be announcing an EPS of $0.18 for the present quarter. According to a report sent out to Zacks Investment, three of the investment analysts have already issued estimates into the earnings of the company. The highest EPS estimate has come in at $0.20, while the ball has been rolled at $0.18.
APPS had previously reported an EPS of $0.05 the previous year, so the current EPS is indicative of an annual growth rate of 260%. It is expected that the company will be posting its next quarterly report on the 1st of June.
The Quarterly Estimate of APPS
As reports go, the stocks of APPS did publish their previous quarterly earnings on the 2nd of February. The software company reported an EPS of $0.21 for the quarter, which was more than the consensus estimate of $0.18. The net margin of the company over the period was 13.38%, while the company enjoyed a 38.26% return on its equity. The revenue earned by the company over the quarter was $88.59 million, which was more than the consensus expectation of $75.86 million.
There have been quite a few research equities that have commented on the stocks of APPS. Zacks Investment Research has already provided the company with a rating of buy after it was previously a rating of hold. The price objective of APPS has been set at $88. Roth Capital also ended up increasing the price target of the company from $87 to $100, along with a rating of buy in a 1st March research report. Canaccord Genuity went down the opposite path, with their rating reduced from buy to hold, with a $60 price rating.