AudioEye (NASDAQ:AEYE – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.120-0.130 for the period, compared to the consensus 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.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on AEYE shares. Craig Hallum increased their target price on shares of AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, April 10th. B. Riley boosted their target price on shares of AudioEye from $10.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, HC Wainwright upped their price objective on AudioEye from $10.00 to $17.00 and gave the company a buy rating in a research report on Thursday, April 18th.
Check Out Our Latest Analysis on AEYE
AudioEye Trading Up 13.8 %
AudioEye (NASDAQ:AEYE – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. AudioEye had a negative return on equity of 27.55% and a negative net margin of 18.75%. The business had revenue of $7.87 million during the quarter, compared to analyst estimates of $7.91 million. As a group, equities analysts anticipate that AudioEye will post 0.01 earnings per share for the current year.
About AudioEye
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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