Glu Mobile (GLUU) Set to Announce Quarterly Earnings on Wednesday
Glu Mobile (NASDAQ:GLUU) will announce its Q114 earnings results on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $39.45 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Glu Mobile (NASDAQ:GLUU) last announced its earnings results on Tuesday, February 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.08. The company had revenue of $42.80 million for the quarter, compared to the consensus estimate of $32.20 million. During the same quarter last year, the company posted ($0.05) earnings per share. Glu Mobile’s revenue was up 32.3% compared to the same quarter last year. On average, analysts expect Glu Mobile to post $0.02 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.
Glu Mobile (NASDAQ:GLUU) opened at 3.91 on Tuesday. Glu Mobile has a one year low of $2.10 and a one year high of $5.65. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $4.08. The company’s market cap is $314.9 million.
GLUU has been the subject of a number of recent research reports. Analysts at Benchmark Co. reiterated a “hold” rating on shares of Glu Mobile in a research note on Monday, April 21st. They now have a $3.93 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Glu Mobile from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 11th. They now have a $5.30 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Glu Mobile to $5.00 in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.93.
In other Glu Mobile news, Insider Matthew Ricchetti unloaded 6,250 shares of Glu Mobile stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $4.14, for a total value of $25,875.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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