AudioEye (AEYE) closed the most recent trading day at $6.73, moving -2.75% from the previous trading session. This change lagged the S&P 500's 0.66% gain on the day. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 1.05%.
The company's stock has dropped by 9.07% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The upcoming earnings release of AudioEye will be of great interest to investors. 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.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $43.71 million, indicating changes of +36.11% and +8.43%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AudioEye. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AudioEye presently features a Zacks Rank of #2 (Buy).
Investors should also note AudioEye's current valuation metrics, including its Forward P/E ratio of 7.06. Its industry sports an average Forward P/E of 19.59, so one might conclude that AudioEye is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Audioeye, Inc. (AEYE): Free Stock Analysis Report
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