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Digital Turbine Tops Analysts' estimates in Q1 2020
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One of the bullish stocks currently is Digital Turbine Inc. (NASDAQ:APPS) which is trading 65.95% above its 20 Days simple moving average. The company reported a net income of $9.9 million in Q1 2020 after posting a loss in Q1 last year. The Texas-based stated that it had a profit of $0.11 per share with adjusted earnings per share being $0.13. Digital Turbine had an impressive quarter topping analysts' earnings estimates of $0.09 per share.
Revenue in the quarter was $59 million in Q1 2020 which also beat analysts' expectations of $48.5 million. For the quarter that will end in October, the company expects revenue to be between $59 million and 461 million and earnings to be $0.11-$0.12 per share.
Ontrak Reports 124% Growth In Revenue In Q2 2020
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Ontrak Inc. (NASDAQ:OTRK) is also looking bullish and currently the stock trades 66.18% above its 20 Days simple moving average. In Q2 2020 the company reported revenue of $17.2 million which is a 124% YoY increase and 40% QoQ increase. The telehealth company saw an increase in the number of enrolled members by 203% YoY and 39% QoQ of 11,989. There were record quarterly net enrollment growth of 3,389 representing by 309% YoY increase and 111% QoQ increase.
Recently the company adopted the name of Ontrak Inc. changing from Catasys Inc. The name change aims at leveraging the brand recognition of the Ontrak
solutions as well as health plan customers and members and its network of more than 12,000 behavioral health providers.
Huttig Building Products Reports 12.1% Drop In Net sales In Q2 2020
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Another stock that is currently looking bullish is Huttig Building Products Inc. (NASDAQ:HBP) which is trading 72.46% above its 20 Days simple moving average. In the second quarter, the company reported a 12.1% decline in net sales to $192 million. The decline in sales was due to the change in operating conditions due to the COVID-19 pandemic. Although most of the company's markets were affected by the pandemic at the beginning of the quarter things have started normalizing with construction rebounding. Q2 product sales dropped 17.9% to 81.7 million compared to Q2 2019 when product sales were $99.5 million. The company posted a net income of $1.6 million in the quarter compared to a loss of $10.3 million a year ago.
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COMTEX_369168056/2700/2020-08-10T09:39:29
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