AudioEye (AEYE) closed at $9.38 in the latest trading session, marking a -1.05% move from the prior day. This change lagged the S&P 500's daily loss of 0.01%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 0.17%.
Coming into today, shares of the company had lost 7.6% in the past month. In that same time, the Computer and Technology sector gained 1.46%, while the S&P 500 gained 0.78%.
Analysts and investors alike will be keeping a close eye on the performance of AudioEye in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.21, showcasing a 16.67% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $10.48 million, up 7.82% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.7 per share and a revenue of $40.3 million, signifying shifts of +27.27% and 0%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for AudioEye. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AudioEye is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 10.65. This valuation marks a discount compared to its industry average Forward P/E of 23.28.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Audioeye, Inc. (AEYE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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