AudioEye (NASDAQ:AEYE) Updates Q3 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.150-0.160 for the period, compared to the consensus EPS estimate of 0.000. The company issued revenue guidance of $8.9 million-$9.0 million, compared to the consensus revenue estimate of $8.9 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.

Wall Street Analysts Forecast Growth

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

AudioEye Stock Down 0.1 %

Shares of AudioEye stock opened at $22.83 on Wednesday. AudioEye has a twelve month low of $3.75 and a twelve month high of $29.30. The stock has a market cap of $265.72 million, a price-to-earnings ratio of -58.54, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $22.48 and a 200 day moving average price of $19.26.

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