Audioeye, Inc. (AEYE - Free Report) closed the most recent trading day at $10.07, moving +0.2% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.65%. At the same time, the Dow lost 1.79%, and the tech-heavy Nasdaq lost 1.96%.
Heading into today, shares of the company had gained 1% over the past month, lagging the Computer and Technology sector's gain of 1.89% and the S&P 500's gain of 1.53% in that time.
Investors will be hoping for strength from AEYE as it approaches its next earnings release, which is expected to be May 14, 2019. In that report, analysts expect AEYE to post earnings of -$0.16 per share. This would mark year-over-year growth of 36%. Meanwhile, our latest consensus estimate is calling for revenue of $2.02 million, up 75.65% from the prior-year quarter.
AEYE's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $11.02 million. These results would represent year-over-year changes of +48.57% and +94.7%, respectively.
Investors might also notice recent changes to analyst estimates for AEYE. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. AEYE is currently sporting a Zacks Rank of #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 63, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.