AudioEye (AEYE) closed the most recent trading day at $7.50, moving -7.06% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.59%.
The stock of company has fallen by 14.6% in the past month, lagging the Computer and Technology sector's loss of 1.09% and the S&P 500's loss of 0%.
The investment community will be closely monitoring the performance of AudioEye in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.21, marking a 16.67% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $10.48 million, indicating a 7.82% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.7 per share and revenue of $40.3 million, which would represent changes of +27.27% and +14.49%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, AudioEye is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, AudioEye is currently being traded at a Forward P/E ratio of 9.07. This expresses a discount compared to the average Forward P/E of 20.13 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Audioeye, Inc. (AEYE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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