Is AppLovin (APP) a 'Buy' Ahead of Q4 Earnings Announcement?

Zacks
02-12

One of the leading growth stocks last year, AppLovin APP is set to report fourth-quarter earnings results on Wednesday after the closing bell. Operating a mobile app marketing platform which provides tools to developers to improve the monetization of their content, AppLovin is currently a Zacks Rank #2 (Buy) stock.

A leading e-commerce advertising service, AppLovin has surpassed the earnings mark in each of the last six quarters. But with many technology stocks showing weakness lately, is APP stock a buy?

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

The company is expected to post a profit of $1.28 per share, reflecting growth of 161.2% versus the same quarter last year. Estimates for the quarter have risen by 0.79% over the past 60 days. Revenues are projected to rise 32.3% to $1.26 billion.

APP shares exploded last year with a greater than 700% return. Our proprietary Zacks Model conclusively predicts another earnings beat for the Q4 announcement. As always, investors should exercise caution ahead of earnings releases as stocks can be volatile.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AppLovin Corporation (APP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10