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AudioEye (AEYE) Beats Stock Market Upswing: What Investors Need to Know
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AudioEye (AEYE - Free Report) closed the most recent trading day at $14.11, moving +2.84% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.56%. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.
Shares of the company have appreciated by 2.69% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.06%, and the S&P 500's gain of 0.41%.
Market participants will be closely following the financial results of AudioEye in its upcoming release. On that day, AudioEye is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 12.5%. Meanwhile, our latest consensus estimate is calling for revenue of $10.25 million, up 14.78% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.7 per share and revenue of $40.47 million. These totals would mark changes of +27.27% and +14.96%, respectively, from last year.
Any recent changes to analyst estimates for AudioEye should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, AudioEye boasts a Zacks Rank of #3 (Hold).
Looking at valuation, AudioEye is presently trading at a Forward P/E ratio of 19.6. Its industry sports an average Forward P/E of 28.54, so one might conclude that AudioEye is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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AudioEye (AEYE) Beats Stock Market Upswing: What Investors Need to Know
AudioEye (AEYE - Free Report) closed the most recent trading day at $14.11, moving +2.84% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.56%. Elsewhere, the Dow gained 1.29%, while the tech-heavy Nasdaq added 2.21%.
Shares of the company have appreciated by 2.69% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.06%, and the S&P 500's gain of 0.41%.
Market participants will be closely following the financial results of AudioEye in its upcoming release. On that day, AudioEye is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 12.5%. Meanwhile, our latest consensus estimate is calling for revenue of $10.25 million, up 14.78% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.7 per share and revenue of $40.47 million. These totals would mark changes of +27.27% and +14.96%, respectively, from last year.
Any recent changes to analyst estimates for AudioEye should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, AudioEye boasts a Zacks Rank of #3 (Hold).
Looking at valuation, AudioEye is presently trading at a Forward P/E ratio of 19.6. Its industry sports an average Forward P/E of 28.54, so one might conclude that AudioEye is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.