AudioEye (NASDAQ:AEYE) Releases Q3 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.15-0.16 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEYE shares. Roth Mkm initiated coverage on AudioEye in a report on Friday, June 21st. They set a buy rating and a $25.00 price target on the stock. Craig Hallum boosted their price target on AudioEye from $20.00 to $30.00 and gave the stock a buy rating in a research report on Friday, July 26th. Roth Capital raised shares of AudioEye to a strong-buy rating in a research report on Friday, June 21st. Finally, HC Wainwright restated a buy rating and issued a $23.00 price target on shares of AudioEye in a research note on Friday, July 26th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AudioEye has a consensus rating of Buy and an average target price of $24.13.

AudioEye Stock Up 1.3 %

Shares of AEYE stock opened at $23.66 on Monday. AudioEye has a 12 month low of $3.75 and a 12 month high of $29.30. The company has a 50 day simple moving average of $22.43 and a two-hundred day simple moving average of $19.05. 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 stock has a market cap of $275.38 million, a P/E ratio of -60.67, a P/E/G ratio of 6.50 and a beta of 1.00.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $8.47 million for the quarter, compared to the consensus estimate of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. On average, research analysts expect that AudioEye will post 0.14 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.