AudioEye (NASDAQ:AEYE) Releases Q3 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.15-0.16 for the period, compared to the consensus earnings per share estimate of $0.14. The company issued revenue guidance of upper end of $8.90-8.95 million, compared to the consensus revenue estimate of $8.91 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

AudioEye Price Performance

Shares of NASDAQ AEYE opened at $22.38 on Thursday. The firm has a market cap of $260.48 million, a PE ratio of -57.38, a PEG ratio of 6.50 and a beta of 1.00. AudioEye has a one year low of $3.75 and a one year high of $29.30. The firm has a fifty day moving average of $22.48 and a 200 day moving average of $19.26. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.16 and a current ratio of 1.16.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. The business had revenue of $8.47 million during the quarter, compared to the consensus estimate of $8.45 million. As a group, research analysts predict that AudioEye will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AEYE shares. Craig Hallum boosted their price target on AudioEye from $20.00 to $30.00 and gave the company a buy rating in a research report on Friday, July 26th. HC Wainwright boosted their target price on AudioEye from $23.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday. Roth Capital upgraded AudioEye to a strong-buy rating in a research report on Friday, June 21st. Finally, Roth Mkm began coverage on shares of AudioEye in a research report on Friday, June 21st. They issued a buy rating and a $25.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $25.38.

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.