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 Glu Mobile could be a solid choice for investors.
Current Quarter Estimates for GLUU
Though there have been no estimates revisions for Glu Mobile in the past 30 days, the consensus estimate trend has been pretty favorable with estimates narrowing from a loss of 1 cent a share 30 days ago, to break even today, a significant move upward.
Current Year Estimates for GLUU
Meanwhile, Glu Mobile’s current year figures are also looking quite promising. Though it has no revision on the estimate front, the consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 10 cents per share 30 days ago to a loss of 4 cents per share today, an increase of 60.0%.
Bottom Line
The stock has also started to move higher lately, adding 16.3% 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 #3 (Hold) stock to profit in the near future.
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