AudioEye, Inc. (NASDAQ:AEYE) Expected to Announce Earnings of -$0.43 Per Share

Brokerages expect that AudioEye, Inc. (NASDAQ:AEYE – Get Rating) will announce earnings per share (EPS) of ($0.43) for the current quarter, according to Zacks. Two analysts have made estimates for AudioEye’s earnings, with the highest EPS estimate coming in at ($0.41) and the lowest estimate coming in at ($0.44). AudioEye reported earnings of ($0.27) per share in the same quarter last year, which suggests a negative year over year growth rate of 59.3%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that AudioEye will report full-year earnings of ($1.51) per share for the current financial year, with EPS estimates ranging from ($1.54) to ($1.47). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.23) per share, with EPS estimates ranging from ($1.35) to ($1.11). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow AudioEye.

AudioEye (NASDAQ:AEYE – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.01. The business had revenue of $6.50 million during the quarter, compared to analyst estimates of $6.42 million. AudioEye had a negative net margin of 57.96% and a negative return on equity of 67.45%. During the same quarter in the previous year, the firm earned ($0.30) earnings per share.

Several analysts have weighed in on AEYE shares. Zacks Investment Research upgraded shares of AudioEye from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. HC Wainwright lowered their target price on shares of AudioEye from $17.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, January 20th.

Shares of NASDAQ:AEYE traded down $0.08 during midday trading on Monday, reaching $5.00. The company had a trading volume of 22,808 shares, compared to its average volume of 41,562. The stock’s fifty day moving average price is $6.01 and its 200-day moving average price is $7.13. The stock has a market capitalization of $57.36 million, a P/E ratio of -3.88 and a beta of 1.99. AudioEye has a one year low of $4.77 and a one year high of $26.82.

Several institutional investors have recently added to or reduced their stakes in AEYE. Wells Fargo & Company MN grew its position in shares of AudioEye by 23,684.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,038 shares of the company’s stock worth $63,000 after acquiring an additional 9,000 shares during the last quarter. National Asset Management Inc. bought a new position in shares of AudioEye during the fourth quarter worth about $78,000. Two Sigma Advisers LP bought a new position in shares of AudioEye during the third quarter worth about $215,000. Susquehanna International Group LLP grew its position in shares of AudioEye by 6.1% during the fourth quarter. Susquehanna International Group LLP now owns 32,673 shares of the company’s stock worth $229,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of AudioEye by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 51,983 shares of the company’s stock worth $364,000 after acquiring an additional 2,792 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

About AudioEye (Get Rating)

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.

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