Equities research analysts expect Glu Mobile Inc. (NASDAQ:GLUU) to announce earnings per share (EPS) of ($0.03) for the current quarter, Zacks reports. Three analysts have made estimates for Glu Mobile’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at ($0.02). Glu Mobile posted earnings per share of ($0.11) during the same quarter last year, which suggests a positive year over year growth rate of 72.7%. The business is scheduled to announce its next earnings results on Wednesday, February 14th.

On average, analysts expect that Glu Mobile will report full-year earnings of ($0.07) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.06). For the next year, analysts anticipate that the business will post earnings of $0.08 per share, with EPS estimates ranging from $0.05 to $0.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $80.67 million. Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The business’s revenue was up 57.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.33) EPS.

GLUU has been the topic of several research reports. Roth Capital set a $4.00 price objective on shares of Glu Mobile and gave the stock a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised shares of Glu Mobile from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Glu Mobile in a research report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.97.

In other Glu Mobile news, COO Eric R. Ludwig sold 160,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $3.67, for a total value of $587,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Masi Niccolo De sold 131,966 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $3.70, for a total transaction of $488,274.20. Following the completion of the transaction, the insider now directly owns 512,859 shares of the company’s stock, valued at approximately $1,897,578.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,196,422 shares of company stock valued at $5,055,591. 5.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in GLUU. Vanguard Group Inc. boosted its stake in shares of Glu Mobile by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 4,667,543 shares of the company’s stock valued at $10,595,000 after purchasing an additional 344,727 shares in the last quarter. Northern Right Capital Management L.P. boosted its stake in shares of Glu Mobile by 109.9% in the 2nd quarter. Northern Right Capital Management L.P. now owns 2,759,786 shares of the company’s stock valued at $6,899,000 after purchasing an additional 1,444,816 shares in the last quarter. State Street Corp boosted its stake in shares of Glu Mobile by 6.7% in the 2nd quarter. State Street Corp now owns 1,914,877 shares of the company’s stock valued at $4,791,000 after purchasing an additional 120,550 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Glu Mobile by 1.8% in the 2nd quarter. Northern Trust Corp now owns 1,142,605 shares of the company’s stock valued at $2,857,000 after purchasing an additional 20,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Glu Mobile by 192.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,098,454 shares of the company’s stock valued at $4,130,000 after purchasing an additional 722,564 shares in the last quarter. 35.66% of the stock is owned by institutional investors and hedge funds.

Shares of Glu Mobile (NASDAQ:GLUU) opened at $4.64 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Glu Mobile has a 12-month low of $1.85 and a 12-month high of $4.73.

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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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Earnings History and Estimates for Glu Mobile (NASDAQ:GLUU)

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