AudioEye (NASDAQ:AEYE – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.120-0.130 for the period, compared to the consensus EPS estimate of -0.060. The company issued revenue guidance of $8.4 million-$8.5 million, compared to the consensus revenue estimate of $8.3 million.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AEYE. Craig Hallum lifted their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. HC Wainwright boosted their price objective on shares of AudioEye from $10.00 to $17.00 and gave the company a buy rating in a research report on Thursday, April 18th. Finally, B. Riley lifted their target price on shares of AudioEye from $10.00 to $14.00 and gave the company a buy rating in a research note on Wednesday, April 10th.
View Our Latest Report on AudioEye
AudioEye Stock Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. The firm had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. On average, equities analysts anticipate that AudioEye will post 0.01 earnings per share for the current year.
AudioEye Company Profile
AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.
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