The app-monetization company has had a stellar year, and shares are gaining again after a strong quarterly report.
While the top- and bottom-line numbers for AppLovin (APP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AppLovin (APP) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.30 per share a year ago.
The business is booming, and Wall Street is taking notice.
APP's third-quarter 2024 earnings and revenues are likely to increase year over year.
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AppLovin's 310% gain this year makes it the best-performing stock among all U.S. tech companies with a market cap of at least $5 billion, according to FactSet data. That puts pressure on the company to show impressive results when it reports earnings this week.
AppLovin NASDAQ: APP stock has had an incredible uptick in 2024, with shares over quadrupling in value. Despite its massive rise, Wall Street analysts are still projecting upside in the tech stock.
Besides Wall Street's top -and-bottom-line estimates for AppLovin (APP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
The latest trading day saw AppLovin (APP) settling at $171.65, representing a -0.34% change from its previous close.
AppLovin (APP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?