In the latest trading session, AudioEye (AEYE) closed at $6.67, marking a -4.24% move from the previous day. This change lagged the S&P 500's 0.1% gain on the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.14%.
The company's stock has dropped by 26.19% in the past month, falling short of the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.
The investment community will be closely monitoring the performance of AudioEye in its forthcoming earnings report. 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. Simultaneously, our latest consensus estimate expects the revenue to be $10.48 million, showing a 7.82% escalation compared to the year-ago quarter.
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. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AudioEye is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, AudioEye is currently trading at a Forward P/E ratio of 7.82. This indicates a discount in contrast to its industry's Forward P/E of 19.23.
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.
You can find more information on all of these metrics, and much 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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