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AudioEye (AEYE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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AudioEye (AEYE - Free Report) closed the most recent trading day at $6.90, moving -3.23% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.89%.
Heading into today, shares of the company had gained 25.97% over the past month, outpacing the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Investors will be eagerly watching for the performance of AudioEye in its upcoming earnings disclosure. In that report, analysts expect AudioEye to post earnings of $0.17 per share. This would mark year-over-year growth of 13.33%. At the same time, our most recent consensus estimate is projecting a revenue of $10.54 million, reflecting a 8.37% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.88 per share and revenue of $44.07 million, indicating changes of +22.22% and +9.32%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AudioEye. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. AudioEye is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, AudioEye is currently being traded at a Forward P/E ratio of 8.1. This expresses a discount compared to the average Forward P/E of 19.47 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 88, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AudioEye (AEYE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
AudioEye (AEYE - Free Report) closed the most recent trading day at $6.90, moving -3.23% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.41%. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.89%.
Heading into today, shares of the company had gained 25.97% over the past month, outpacing the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
Investors will be eagerly watching for the performance of AudioEye in its upcoming earnings disclosure. In that report, analysts expect AudioEye to post earnings of $0.17 per share. This would mark year-over-year growth of 13.33%. At the same time, our most recent consensus estimate is projecting a revenue of $10.54 million, reflecting a 8.37% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.88 per share and revenue of $44.07 million, indicating changes of +22.22% and +9.32%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AudioEye. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. AudioEye is currently sporting a Zacks Rank of #2 (Buy).
With respect to valuation, AudioEye is currently being traded at a Forward P/E ratio of 8.1. This expresses a discount compared to the average Forward P/E of 19.47 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 88, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.