Audioeye, Inc. (AEYE - Free Report) closed the most recent trading day at $10.05, moving -0.99% from the previous trading session. This move lagged the S&P 500's daily gain of 1.47%. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Coming into today, shares of the company had lost 3.79% in the past month. In that same time, the Computer and Technology sector gained 2.44%, while the S&P 500 gained 1.5%.
AEYE will be looking to display strength as it nears its next earnings release. In that report, analysts expect AEYE to post earnings of -$0.11 per share. This would mark year-over-year growth of 78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.65 million, up 87.5% from the prior-year quarter.
Any recent changes to analyst estimates for AEYE should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 remained stagnant within the past month. AEYE is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 53, putting it in the top 21% 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.
To follow AEYE in the coming trading sessions, be sure to utilize Zacks.com.