AudioEye (NASDAQ:AEYE) Issues Q3 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its third quarter earnings guidance on Monday morning. 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 Upgrades and Downgrades

AEYE has been the subject of several research analyst reports. Roth Mkm assumed 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. Roth Capital raised AudioEye to a strong-buy rating in a research report on Friday, June 21st. Craig Hallum upped their price target on AudioEye from $20.00 to $30.00 and gave the company a buy rating in a research report on Friday, July 26th. Finally, HC Wainwright raised their price objective on AudioEye from $23.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $25.38.

AudioEye Trading Down 0.1 %

Shares of NASDAQ:AEYE opened at $22.83 on Wednesday. The firm has a fifty day moving average of $22.48 and a two-hundred day moving average of $19.26. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.39. AudioEye has a 12-month low of $3.75 and a 12-month high of $29.30. The firm has a market capitalization of $265.72 million, a P/E ratio of -58.54, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00.

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

About AudioEye

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.