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.