AudioEye (NASDAQ:AEYE) Releases Q3 Earnings Guidance

by · The Cerbat Gem

AudioEye (NASDAQ:AEYE – Get Free Report) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.15-0.16 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of upper end of $8.90-8.95 million, compared to the consensus revenue estimate of $8.91 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

Analyst Ratings Changes

AEYE has been the topic of several research analyst reports. Craig Hallum lifted their price objective on shares of AudioEye from $20.00 to $30.00 and gave the stock a buy rating in a research report on Friday, July 26th. Roth Capital upgraded AudioEye to a strong-buy rating in a research report on Friday, June 21st. Roth Mkm initiated coverage on shares of AudioEye in a research report on Friday, June 21st. They issued a buy rating and a $25.00 price target for the company. Finally, HC Wainwright boosted their target price on AudioEye from $23.00 to $28.00 and gave the company a buy rating in a research note on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and an average price target of $25.38.

View Our Latest Report on AudioEye

AudioEye Trading Down 2.0 %

Shares of AudioEye stock opened at $22.38 on Thursday. AudioEye has a 52-week low of $3.75 and a 52-week high of $29.30. The firm has a market capitalization of $260.48 million, a PE ratio of -57.38, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $19.26.

AudioEye (NASDAQ:AEYE – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $8.47 million for the quarter, compared to analysts’ expectations of $8.45 million. AudioEye had a positive return on equity of 12.34% and a negative net margin of 10.70%. On average, analysts expect that AudioEye will post 0.14 EPS for the current year.

AudioEye Company Profile

(Get Free Report)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.

Featured Stories