Glu Mobile (GLUU) Stock Sinks As Market Gains: What You Should Know
Glu Mobile (GLUU) closed the most recent trading day at $10.78, moving -0.09% from the previous trading session. This move lagged the S&P 500's daily gain of 0.36%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.34%.
Prior to today's trading, shares of the mobile game maker had gained 22.2% over the past month. This has outpaced the Consumer Discretionary sector's loss of 1.73% and the S&P 500's gain of 0.64% in that time.
Wall Street will be looking for positivity from GLUU as it approaches its next earnings report date. The company is expected to report EPS of $0.05, up 66.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $90.16 million, up 4.47% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.33 per share and revenue of $445.58 million, which would represent changes of +230% and +15.86%, respectively, from the prior year.
Any recent changes to analyst estimates for GLUU should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GLUU is currently a Zacks Rank #2 (Buy).
Investors should also note GLUU's current valuation metrics, including its Forward P/E ratio of 33.2. This valuation marks a premium compared to its industry's average Forward P/E of 20.15.
Meanwhile, GLUU's PEG ratio is currently 2.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. GLUU's industry had an average PEG ratio of 1.84 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 79, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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