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Glu Mobile's Earnings Outlook

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On Thursday, Glu Mobile (NASDAQ: GLUU) will report its last quarter's earnings. Here is Benzinga's take on the company's release.

Earnings and Revenue

Analysts are expecting Glu Mobile to report a loss of 3 cents per share. Revenue will likely be around $77.8 million, according to the consensus estimate.

In the same quarter last year, Glu Mobile posted an earnings loss of 13 cents per share on sales of $46.3 million. If the company were to post earnings inline with the current consensus estimate when it reports Thursday, EPS would be down 76.92 percent. Revenue would be have grown 68.02 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate -0.03 -0.1 -0.06 -0.07
EPS Actual -0.09 -0.17 -0.17 -0.13

 

Q4 EPS Estimate: -3 cents per share
Q4 Revenues Estimate: $77 million

Stock Performance

Shares of Glu Mobile are trading around $3.55. Over the last 52-week period, shares are up 43.15 percent. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The popular rating by analysts on Glu Mobile stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Glu Mobile's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: http://www.glu.com/news/category/all

Posted-In: Earnings News Previews Trading Ideas

 

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