Applovin Stock is Wavering Ahead of Q2 Earnings Report - AppLovin (NASDAQ:APP)

AppLovin shares are edging lower ahead of its Q2 earnings report, with the market focused on whether results can support expectations after a strong Q1. Analysts are looking for earnings of $3.75 per share on revenue of $1.94 billion, when results arrive after the bell—up from the prior-year comparable period of $2.39 per share and $1.26 billion. AppLovin’s own guidance calls for $1.92 billion to $1.95 billion in revenue and $1.62 billion to $1.65 billion in adjusted EBITDA, putting the consensus inside the range management expects. Technically, the stock sits below its 50- and 200-day moving averages and remains in a choppy setup.