Glu Mobile (GLUU) closed the most recent trading day at $10.69, moving -1.66% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.9%. At the same time, the Dow lost 1.77%, and the tech-heavy Nasdaq lost 2.5%.
Coming into today, shares of the mobile game maker had gained 19.45% in the past month. In that same time, the Consumer Discretionary sector lost 0.45%, while the S&P 500 gained 3.04%.
GLUU will be looking to display strength as it nears its next earnings release. In that report, analysts expect GLUU to post earnings of $0.05 per share. This would mark year-over-year growth of 66.67%. Our most recent consensus estimate is calling for quarterly revenue of $90.16 million, up 4.47% from the year-ago period.
GLUU's full-year Zacks Consensus Estimates are calling for earnings of $0.33 per share and revenue of $445.58 million. These results would represent year-over-year changes of +230% and +15.86%, respectively.
Investors might also notice recent changes to analyst estimates for GLUU. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GLUU currently has a Zacks Rank of #2 (Buy).
In terms of valuation, GLUU is currently trading at a Forward P/E ratio of 33.45. Its industry sports an average Forward P/E of 21.17, so we one might conclude that GLUU is trading at a premium comparatively.
Meanwhile, GLUU's PEG ratio is currently 2.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GLUU's industry had an average PEG ratio of 1.65 as of yesterday's close.
The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 86, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Glu Mobile Inc. (GLUU) : Free Stock Analysis Report
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