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AudioEye (AEYE) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, AudioEye (AEYE - Free Report) closed at $7.76, marking a -2.63% move from the previous day. This change lagged the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Shares of the company have appreciated by 34.86% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.4%, and the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of AudioEye in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.27, signifying a 42.11% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $10.89 million, up 6.45% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.98 per share and a revenue of $43.71 million, signifying shifts of +36.11% and +8.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for AudioEye. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 16.13% higher within the past month. AudioEye currently has a Zacks Rank of #2 (Buy).
Digging into valuation, AudioEye currently has a Forward P/E ratio of 8.13. This indicates a discount in contrast to its industry's Forward P/E of 20.07.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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AudioEye (AEYE) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, AudioEye (AEYE - Free Report) closed at $7.76, marking a -2.63% move from the previous day. This change lagged the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Shares of the company have appreciated by 34.86% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.4%, and the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of AudioEye in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.27, signifying a 42.11% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $10.89 million, up 6.45% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.98 per share and a revenue of $43.71 million, signifying shifts of +36.11% and +8.43%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for AudioEye. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 16.13% higher within the past month. AudioEye currently has a Zacks Rank of #2 (Buy).
Digging into valuation, AudioEye currently has a Forward P/E ratio of 8.13. This indicates a discount in contrast to its industry's Forward P/E of 20.07.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.