Brokerages expect that Glu Mobile Inc. (NASDAQ:GLUU) will announce earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Glu Mobile’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.06. Glu Mobile posted earnings of ($0.14) per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Glu Mobile will report full year earnings of $0.26 per share for the current year, with EPS estimates ranging from $0.23 to $0.28. For the next year, analysts expect that the business will post earnings of $0.34 per share, with EPS estimates ranging from $0.29 to $0.37. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Glu Mobile.

Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Glu Mobile had a negative return on equity of 19.28% and a negative net margin of 14.65%. The business had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $96.14 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis.

A number of brokerages have recently weighed in on GLUU. BidaskClub raised Glu Mobile from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Zacks Investment Research raised Glu Mobile from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Tuesday, November 13th. Wedbush reissued a “hold” rating and set a $7.00 target price on shares of Glu Mobile in a research note on Wednesday, November 7th. Finally, Roth Capital cut Glu Mobile from a “buy” rating to a “neutral” rating in a research note on Monday, October 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $7.50.

Shares of NASDAQ GLUU opened at $7.08 on Wednesday. Glu Mobile has a twelve month low of $3.02 and a twelve month high of $8.42. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.02.

In related news, Director Ann Mather sold 100,000 shares of the business’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $6.31, for a total transaction of $631,000.00. Following the completion of the transaction, the director now directly owns 103,666 shares of the company’s stock, valued at approximately $654,132.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Chris Akhavan sold 39,903 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $8.09, for a total value of $322,815.27. The disclosure for this sale can be found here. Insiders have sold a total of 408,808 shares of company stock valued at $2,903,494 over the last three months. 5.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY grew its stake in Glu Mobile by 42.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 36,187 shares of the company’s stock worth $232,000 after purchasing an additional 10,832 shares in the last quarter. Credit Suisse AG lifted its holdings in Glu Mobile by 15.8% during the 3rd quarter. Credit Suisse AG now owns 80,209 shares of the company’s stock worth $598,000 after buying an additional 10,949 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in Glu Mobile by 11.4% during the 2nd quarter. BlueMountain Capital Management LLC now owns 148,995 shares of the company’s stock worth $955,000 after buying an additional 15,274 shares during the last quarter. Fusion Family Wealth LLC lifted its holdings in Glu Mobile by 80.0% during the 3rd quarter. Fusion Family Wealth LLC now owns 45,000 shares of the company’s stock worth $335,000 after buying an additional 20,000 shares during the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in Glu Mobile by 44.4% during the 3rd quarter. First Mercantile Trust Co. now owns 70,353 shares of the company’s stock worth $524,000 after buying an additional 21,640 shares during the last quarter. 56.31% of the stock is owned by hedge funds and other institutional investors.

About Glu Mobile

Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home d├ęcor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.

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Earnings History and Estimates for Glu Mobile (NASDAQ:GLUU)

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