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AudioEye (AEYE) Exceeds Market Returns: Some Facts to Consider
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AudioEye (AEYE - Free Report) ended the recent trading session at $9.66, demonstrating a +1.05% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq appreciated by 0.25%.
Heading into today, shares of the company had lost 17.66% over the past month, lagging the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
Analysts and investors alike will be keeping a close eye on the performance of AudioEye in its upcoming earnings disclosure. On that day, AudioEye is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 16.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $10.46 million, indicating a 7.64% increase compared to the same quarter of the previous year.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of $0.71 per share and revenue of $40.28 million. These results would represent year-over-year changes of +29.09% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for AudioEye. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, AudioEye boasts a Zacks Rank of #3 (Hold).
Digging into valuation, AudioEye currently has a Forward P/E ratio of 10.74. This expresses a discount compared to the average Forward P/E of 23.72 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 57, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AudioEye (AEYE) Exceeds Market Returns: Some Facts to Consider
AudioEye (AEYE - Free Report) ended the recent trading session at $9.66, demonstrating a +1.05% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.26% for the day. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq appreciated by 0.25%.
Heading into today, shares of the company had lost 17.66% over the past month, lagging the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
Analysts and investors alike will be keeping a close eye on the performance of AudioEye in its upcoming earnings disclosure. On that day, AudioEye is projected to report earnings of $0.21 per share, which would represent year-over-year growth of 16.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $10.46 million, indicating a 7.64% increase compared to the same quarter of the previous year.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of $0.71 per share and revenue of $40.28 million. These results would represent year-over-year changes of +29.09% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for AudioEye. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, AudioEye boasts a Zacks Rank of #3 (Hold).
Digging into valuation, AudioEye currently has a Forward P/E ratio of 10.74. This expresses a discount compared to the average Forward P/E of 23.72 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 57, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.