Glu Mobile is a global developer and publisher of free-to-play mobile video games, such as MLB Tap Baseball 2018, Deer Hunter, Kim Kardashian Hollywood, and more. The firm saw its 2018 revenue surge 28% to reach $366.6 million. GLUU stock has climbed 12% to start the year and it has some new games entering beta, including a Disney/Pixar DIS title, that could help the company expand this year.
Glu Mobile’s adjusted current-quarter EPS share figure is projected to climb 67%, based on our current Zacks Consensus Estimate. Meanwhile, the company’s full-year 2019 earnings are projected to skyrocket 230% on the back of 16% revenue growth. The company’s positive earnings estimate revision activity helps it earn a Zacks rank Zacks Rank #2 (Buy). Plus, investors should remember that mobile gaming is on the rise as part of the broader video game market expansion.
What happened to this company shares?
They got bought out by EA
Cheers yeah just found out my shares sold back to me at cost price …broke even on that one!