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AudioEye (AEYE) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, AudioEye (AEYE - Free Report) was down 4.86% at $6.66. The stock's change was less than the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The company's shares have seen a decrease of 6.91% over the last month, not keeping up with the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
The upcoming earnings release of AudioEye will be of great interest to investors. The company is expected to report EPS of $0.27, up 42.11% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $10.89 million, indicating a 6.45% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.98 per share and a revenue of $43.71 million, demonstrating changes of +36.11% and +8.43%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AudioEye is currently a Zacks Rank #3 (Hold).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 7.14. This signifies a discount in comparison to the average Forward P/E of 21.23 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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
In the latest close session, AudioEye (AEYE - Free Report) was down 4.86% at $6.66. The stock's change was less than the S&P 500's daily loss of 1.09%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The company's shares have seen a decrease of 6.91% over the last month, not keeping up with the Computer and Technology sector's gain of 1.99% and the S&P 500's gain of 2.44%.
The upcoming earnings release of AudioEye will be of great interest to investors. The company is expected to report EPS of $0.27, up 42.11% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $10.89 million, indicating a 6.45% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.98 per share and a revenue of $43.71 million, demonstrating changes of +36.11% and +8.43%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AudioEye is currently a Zacks Rank #3 (Hold).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 7.14. This signifies a discount in comparison to the average Forward P/E of 21.23 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.