Glu Mobile Inc. (NASDAQ:GLUU) is a free-to-play mobile games developer and publisher that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GLUU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that could be a solid choice for investors.
Current Quarter Estimates for GLUU
In the past 30 days, three estimate has gone higher for Glu Mobilewhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 10 cents a share 30 days ago, to a loss of 6 cents today, a move of 40%.
Current Year Estimates for GLUU
Meanwhile, Glu Mobile’s current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 32 cents per share 30 days ago to a loss of 19 cents per share today, an increase of 40.6%.
Glu Mobile Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 19.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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Glu Mobile Inc. (GLUU): Free Stock Analysis Report
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