AudioEye (AEYE) ended the recent trading session at $13.14, demonstrating a -1.61% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Meanwhile, the Dow experienced a rise of 0.57%, and the technology-dominated Nasdaq saw a decrease of 0.33%.
The company's stock has climbed by 18.14% in the past month, exceeding the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 2.57%.
The investment community will be paying close attention to the earnings performance of AudioEye in its upcoming release. The company's upcoming EPS is projected at $0.18, signifying a 12.50% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.25 million, up 14.78% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.7 per share and a revenue of $40.47 million, signifying shifts of +27.27% and +14.96%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, AudioEye boasts a Zacks Rank of #3 (Hold).
In terms of valuation, AudioEye is currently trading at a Forward P/E ratio of 19.07. This represents a discount compared to its industry average Forward P/E of 31.68.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 70, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Audioeye, Inc. (AEYE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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