Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May13th:AppLovin (APP) : This company provides technology platform which enables developers to market, monetize, analyze and publish their apps, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.4% over the last 60 days.AppLovin’s shares gained 88.6% over the last three month compared with the S&P 500’s gain of 6.2%. The company posses ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AppLovin (APP) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.AppLovin is one of 315 companies in the Business Services group. The Business Services group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about AppLovin (APP) .AppLovin currently has an average brokerage recommendation (ABR) of 1.76, on a ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Great Lakes Dredge & Dock (GLDD) : This company which is the largest provider of dredging services in the US conducting business to maintain and deepen shipping channels, reclaim land from the ocean, and renourish storm damaged coastline, has seen the Zacks Consensus Estimate for its current year earnings increasing 25.9% over the last 60 day.Tutor Perini (TPC) : This company which, provides diversified general contracting, construction ...

AppLovin Corp (NASDAQ:APP) and Roblox Corp (NYSE:RBLX) both announced first-quarter results today. The former topped earnings and revenue estimates, while the latter beat top-line expectations, but missed on the bottom line. Below, let's dive into how these two stocks are responding.APP is up 14.8% at $84.98 at last check, after drawing six price-target hikes, including one from Jefferies to $105 from $93. The shares earlier scored a two-year high of $88.50, after bouncing off support from the $66 in late A ...

The launch of its new AI software last year has been an overwhelming success.Shares of app discovery and monetization company AppLovin (APP 18.28%) soared high on Thursday after the company reported financial results for the first quarter of 2024. As of 10:45 a.m. ET, AppLovin stock was up 18% and hitting fresh 52-week highs.Another great quarter driven by software growthThe star of the show for AppLovin right now is its AXON software, powered by artificial intelligence (AI). The company's software helps co ...

Key TakeawaysAppLovin shares soared in premarket trading Thursday morning after the app monetization company topped analysts' first quarter expectations and issued a better-than-expected outlook. The company said it saw an improvement in the app advertising market during the quarter and continues to add innovations to its software.Monitor the $88 level, an area on the chart where AppLovin shares may run into resistance from a key horizontal trendline connecting several technically important price points ext ...

AppLovin (APP) reported $1.06 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 47.9%. EPS of $0.67 for the same period compares to -$0.01 a year ago.The reported revenue represents a surprise of +9.03% over the Zacks Consensus Estimate of $970.45 million. With the consensus EPS estimate being $0.57, the EPS surprise was +17.54%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

AppLovin (APP) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.54%. A quarter ago, it was expected that this mobile app technology company would post earnings of $0.35 per share when it actually produced earnings of $0.49, delivering a surprise of 40%.Over the last four quarters, the c ...

Financial Data and Key Metrics Changes - The company reported total revenue of $1.06 billion, a nearly 50% increase from the same period last year, while adjusted EBITDA doubled to $549 million, representing a 52% margin [9][10] - Free cash flow generated during the first quarter was $388 million, reflecting a 71% flow-through from adjusted EBITDA [9] - The software platform revenue grew from $355 million to $678 million, with adjusted EBITDA of $492 million, maintaining a 73% margin [9][10] Business Line Data and Key Metrics Changes - The software platform had a significant performance, with revenue more than doubling from the previous year and adjusted EBITDA also more than doubling [9][10] - The apps portfolio maintained a stable adjusted EBITDA margin of 15% [10] Market Data and Key Metrics Changes - The mobile advertising market is experiencing expansion, contributing to the company's strong performance [10] - The company noted that the non-gaming app space is growing faster than the gaming app space on its platform [19] Company Strategy and Development Direction - The company aims to drive growth through ongoing improvements to its AXON platform and by expanding into web-based marketing and e-commerce [7][10] - The focus remains on performance-based advertising rather than brand advertising, leveraging measurable results to attract advertisers [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the potential for continued growth driven by technology improvements and market expansion [8][10] - The company believes that its unique culture and lean structure enable it to innovate faster than competitors [5][6] Other Important Information - The company amended its term loans to reduce interest expenses and repurchased approximately 3% of its total shares outstanding [11] - Guidance for the second quarter includes expected revenue between $1.06 billion and $1.08 billion and adjusted EBITDA between $550 million and $570 million [11] Q&A Session Summary Question: Can you provide insights on the sources of outperformance this quarter? - Management indicated that growth vectors include adding more advertisers and improvements in core models, which are self-learning and continuously enhancing [14][15] Question: What is the status of efforts outside the gaming vertical? - Management confirmed ongoing success in non-gaming apps and plans to launch web advertising products this quarter [19][20] Question: How is the sales process evolving? - Management emphasized a product-first approach, noting that growth is largely driven by technology rather than a significant sales force [21][22] Question: What is the trajectory for header bidding revenue? - Management did not disclose specific revenue figures but noted a positive trend in header bidding adoption [26] Question: How does the company view competition? - Management believes that the complexity of their technology creates a significant barrier to entry for competitors, allowing them to maintain a leadership position [54][56] Question: Can you comment on the growth of the advertising market? - Management indicated that the MAX marketplace is growing significantly, serving as a good proxy for the mobile gaming advertising market [60][62] Question: What are the expectations for net revenue per install and installation volume? - Management noted an increase in both metrics, correlating with increased advertiser spend and improvements in technology [63][64]