AudioEye (AEYE) closed the most recent trading day at $8.42, moving -7.06% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.84%. Elsewhere, the Dow saw a downswing of 0.34%, while the tech-heavy Nasdaq depreciated by 1.43%.
Coming into today, shares of the company had lost 9.04% in the past month. In that same time, the Computer and Technology sector gained 1.75%, while the S&P 500 gained 1.8%.
The investment community will be closely monitoring the performance of AudioEye in its forthcoming earnings report. The company's upcoming EPS is projected at $0.21, signifying a 16.67% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.48 million, up 7.82% from the year-ago period.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of $0.7 per share and revenue of $40.3 million. These results would represent year-over-year changes of +27.27% and 0%, respectively.
Investors might also notice recent changes to analyst estimates for AudioEye. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, AudioEye holds a Zacks Rank of #3 (Hold).
In the context of valuation, AudioEye is at present trading with a Forward P/E ratio of 10.18. This denotes a discount relative to the industry average Forward P/E of 22.25.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Audioeye, Inc. (AEYE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
