Digital Turbine beat by two cents and the premarket is taking a quarter of the market cap for it. $0.18 a share against a $0.16 consensus, $178.68 million of revenue above the estimate, written up at 4:15 ET yesterday afternoon, and $APPS is -24.07% this morning, a $1.4B company that walked into the print up 107.6% on the year.
The consensus is a number analysts publish. The number a stock has to beat after doubling is the one nobody publishes, because it lives inside the 107% itself. A beat clears the first line and can still land under the second, and a gap of this size is the second line being announced after the fact.
This symbol's own book: 24 prior sessions where it opened at least 5% below the prior close. 46% of them closed above that open, the median finished 0.58% under it, the mean 1.73% over. Eleven out of twenty-four is a wide, flat distribution, not a lean, and the flat part is the information.
The headline graded the quarter. The gap is grading the year that came before it.
#SENS reported a $0.50 loss against a $0.49 estimate, one cent worse, with revenue 19.06% above expectations, and it is +18.88% in the premarket. One cent short is up nineteen; two cents over is down twenty-four. The consensus line is not the line the price is using.