AudioEye (AEYE – Free Report) closed the latest trading day at $11.54, indicating a -1.95% change from the previous session’s end. The stock’s change was less than the S&P 500’s daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.
The company’s stock has dropped by 17.05% in the past month, falling short of the Computer and Technology sector’s loss of 7.14% and the S&P 500’s loss of 4.03%.
The investment community will be paying close attention to the earnings performance of AudioEye in its upcoming release. The company is forecasted to report an EPS of $0.15, showcasing an 87.5% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $9.7 million, indicating a 20.05% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.70 per share and a revenue of $41.64 million, representing changes of +27.27% and +18.29%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for AudioEye. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company’s business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.33% lower within the past month. AudioEye is currently sporting a Zacks Rank of #5 (Strong Sell).
With respect to valuation, AudioEye is currently being traded at a Forward P/E ratio of 16.81. This signifies a discount in comparison to the average Forward P/E of 27.65 for its industry.
Also, we should mention that AEYE has a PEG ratio of 0.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. As of the close of trade yesterday, the Internet – Software industry held an average PEG ratio of 2.08.
The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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