Wall Street analysts that cover Glu Mobile Inc. (NASDAQ:GLUU) have provided an average rating of 1.25 on the stock. This data from Zacks Research uses information provided by 9 analysts taken into consideration. On a scale from 1 to 5, a rating score of 1 or 2 would represent a Buy recommendation. Using the same scale, a 4 or 5 rating score would represent a Sell. A rating of 3 would signify a Hold recommendation. In addition to the average broker rating we can take a look at where the analysts see the stock headed near term. In the sell-side reports provided to institutions, the research firms typically offer a projected price target on the stock. The time frame and criteria can differ depending on the firm, so to get a general feel for where they see the stock heading, we look at the consensus number. Based on the 9 providing stock targets, the highest stands at $9 and the lowest at $3.3. The mean, or consensus number is $4.886.
In taking a look at the earnings health of the stock, analysts are expecting that the company will report earnings of $-0.08 per share for the current quarterly period on or around 2016-05-04. Last quarter the firm posted earnings of $-0.02 for the quarter. This was $0.05 away from the analyst consensus, yielding a surprise factor of 71.43%. Large surprise factors can lead to significant stock price movement in the days and months following an earnings report. The Street will be watching to see if the firm will meet or beat this quarter.
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