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AudioEye (AEYE) Falls More Steeply Than Broader Market: What Investors Need to Know
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AudioEye (AEYE - Free Report) closed the most recent trading day at $6.08, moving -3.65% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
Shares of the company witnessed a loss of 12.97% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.52%, and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of AudioEye in its forthcoming earnings report. The company is expected to report EPS of $0.22, up 46.67% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $10.71 million, indicating a 8.62% growth compared to the corresponding quarter of the prior year.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of $0.95 per share and revenue of $44.11 million. These results would represent year-over-year changes of +31.94% and +9.42%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, AudioEye possesses a Zacks Rank of #4 (Sell).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 6.68. This denotes a discount relative to the industry average Forward P/E of 18.33.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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AudioEye (AEYE) Falls More Steeply Than Broader Market: What Investors Need to Know
AudioEye (AEYE - Free Report) closed the most recent trading day at $6.08, moving -3.65% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.
Shares of the company witnessed a loss of 12.97% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.52%, and the S&P 500's gain of 2.02%.
The investment community will be closely monitoring the performance of AudioEye in its forthcoming earnings report. The company is expected to report EPS of $0.22, up 46.67% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $10.71 million, indicating a 8.62% growth compared to the corresponding quarter of the prior year.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of $0.95 per share and revenue of $44.11 million. These results would represent year-over-year changes of +31.94% and +9.42%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, AudioEye possesses a Zacks Rank of #4 (Sell).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 6.68. This denotes a discount relative to the industry average Forward P/E of 18.33.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.