Top Wall Street Forecasters Revamp Digital Turbine Expectations Ahead Of Q4 Earnings

Core Insights - Digital Turbine, Inc. is expected to report a quarterly earnings decline to 4 cents per share, down from 12 cents per share in the same period last year [1] - The company projects quarterly revenue of $116.64 million, an increase from $112.22 million a year earlier [1] Recent Performance - On February 5, Digital Turbine reported quarterly earnings of 13 cents per share, exceeding the analyst consensus estimate of a loss of 1 cent [2] - Quarterly revenue was reported at $134.64 million, surpassing the consensus estimate of $123.68 million [2] - Following the earnings report, Digital Turbine shares fell by 4.1% to close at $4.98 [2] Analyst Ratings - B of A Securities analyst downgraded the stock from Neutral to Underperform, reducing the price target from $3.5 to $1 [6] - Macquarie analyst maintained a Neutral rating and lowered the price target from $3 to $2 [6] - Craig-Hallum analyst maintained a Buy rating but cut the price target from $5 to $4 [6]