“GLUU shares did plummet following the release of its Q1 financial results in early May, despite topping our revenue estimate and matching on earnings. The selloff can be attributed in part to many shareholders taking profits after GLUU’s stellar run from under $2 a share in December 2016 to $11.22 per share on May 6. Looking ahead, our current Zacks Consensus Estimate calls for the firm’s adjusted fiscal 2019 earnings to soar 250% to touch $0.35 per share on nearly 18% revenue expansion to reach $452.82 million. And Glu Mobile’s positive longer-term earnings estimate revision activity helps it earn a Zacks Rank #2 (Buy).”
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