Investors might want to bet on AppLovin (APP) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this mobile app technology company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earni ...

Oscar Wong/Moment via Getty Images Last month, I started coverage of AppLovin (NASDAQ:APP) with a “Buy” rating, saying its upgraded AXON engine has already shown significant early progress after its launch and that 2024 looked poised to be a good year. The stock has already risen about 40% in just over a month since my write-up. With the company reporting Q4 results, let’s catch on the name. Company Profile As a quick refresher, APP is an adtech company whose solutions are designed to help mobile app de ...

It's no secret that the surest way for a publicly traded company to be showered with a bunch of analyst price target raises is to post impressive quarterly results. That goes a long way to explaining the huge price gains of AppLovin (APP 24.81%) stock over the past few trading days. According to data compiled by S&P Global Market Intelligence, as of late Thursday evening the company's share price had ballooned by more than 26% week to date.An estimates-trouncing final quarter of 2023That share price pop is ...

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Key TakeawaysAppLovin shares jumped more than 20% in pre-market trading Thursday after the app development company topped analysts' quarterly earnings and sales estimates, issued upbeat first-quarter guidance and announced an expansion of its stock buyback program.The company attributed the better-than-expected quarterly results to a strong holiday season, growth in the mobile app advertising market, and bidding enhancements to its platform.Further upside in the AppLovin share price may meet chart resistanc ...

For the quarter ended December 2023, AppLovin (APP) reported revenue of $953.26 million, up 35.7% over the same period last year. EPS came in at $0.49, compared to $0.00 in the year-ago quarter.The reported revenue represents a surprise of +3.28% over the Zacks Consensus Estimate of $922.96 million. With the consensus EPS estimate being $0.35, the EPS surprise was +40.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

AppLovin (APP) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this mobile app technology company would post earnings of $0.27 per share when it actually produced earnings of $0.30, delivering a surprise of 11.11%.Over the last four quarters, ...

App-monetization company Applovin Corp. had a strong holiday season that helped power it to better-than-expected results for the latest quarter. Shares surged 13% in Wednesday’s extended session, as Applovin APP also blew past estimates with its outlook for the current quarter. The company generated fourth-quarter revenue of $953 million,... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a s ...

PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin (NASDAQ: APP), the leading marketing technology platform, today released Performance-driven Ad Trends 2024, revealing how AI tools are driving new efficiencies and broadening the possibilities of the creative process. The report explains how AppLovin’s in-house creative agency, SparkLabs, is using generative AI to improve workflows to elevate both the quality and impact of performance ads, and dives deep into the year’s top-performing creative strategies. "Emb ...

Investors interested in stocks from the Technology Services sector have probably already heard of Gen Digital (GEN) and AppLovin (APP) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while o ...