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Saturday, April 17, 2021

APPS Will Be Announcing An EPS Of $0.18 For The Quarter

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

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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. 

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