AppLovin Reports Earnings Tomorrow: Analyst Expectations and Market Sentiment
Earnings Preview
Mobile app advertising platform AppLovin (APP) will release its financial results tomorrow after market close. Analysts anticipate the following:
* Revenue: $1.26 billion, a 32.5% year-over-year increase
* Adjusted Earnings Per Share: $1.79
Analyst Consensus
Analysts have maintained their revenue estimates in the past 30 days, indicating confidence in the company's trajectory. However, AppLovin has missed revenue expectations three times in the past two years.
Industry Peer Performance
* LiveRamp (RAMP) reported a 12.4% year-over-year revenue increase, exceeding estimates by 1.7%
* Shopify reported a 31.2% revenue increase, surpassing expectations by 3%
Market Sentiment
The sales and marketing software segment has experienced positive investor sentiment, with share prices rising by an average of 11.4% in the past month. AppLovin has outperformed the sector, gaining 21.2%. The average analyst price target for AppLovin is $374.10, below the current share price of $386.50.