GDEV (US:GDEV) ZACKSยท2024-10-02 12:56Company Overview - GDEV Inc. (GDEV) shares increased by 34.7% to $33.02 in the last trading session, with a higher-than-average trading volume, contrasting with a 2.1% gain over the past four weeks [1] - The stock rally is attributed to optimism regarding the company's refined strategic vision focused on sustainable growth and operational efficiency [2] Financial Performance - GDEV is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year decline of 68.3%, with revenues projected at $103.85 million, down 14.4% from the previous year [3] - The consensus EPS estimate for GDEV has been revised 50% higher in the last 30 days, indicating a positive trend that may lead to price appreciation [4] Industry Context - GDEV operates within the Zacks Gaming industry, where Nintendo Co. (NTDOY) also competes, having closed at $13.37 with a 0.4% increase in the last session and a -2.1% return over the past month [4] - Nintendo's consensus EPS estimate remains unchanged at $0.09, representing a 30.8% decline from the previous year, and it holds a Zacks Rank of 2 (Buy) [5]