We're waiting for APP's earnings report next week. Some things to think about:

Applovin Corp (APP) reports earnings on August 10. Lets take a closer look at how the stock is currently trading.

Analysts forecasts have Applovin Corp reporting an EPS (earnings per share) of $0.49, GAAP of $0.15, on revenue of $835.75M on Wednesday.

Applovin Corp bulls will obviously be hoping that the earnings report beats the analysts' estimates and also sets strong expectations for the company to grow in coming quarters.

APP bears will be listening for news that the company underperformed the analysts' estimates. After that they'll want to hear about a negative growth story that frames the company's future as one of deceleration or even decline in revenues over the following quarters

Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This is because the company's earnings report is a snapshot of the company's performance, and the analysts' estimates are a consensus projection of the company's future.

As of August 02 shares of APP are trading at $34.17. Over the last 52-week period, the price is down -70.57%. A larger move here can mean investors will have a stronger bullish or bearish outlook on the stock.