AudioEye (AEYE) got here out with a quarterly lack of $0.30 per share versus the Za
AudioEye (AEYE) got here out with a quarterly lack of $0.30 per share versus the Zacks Consensus Estimate of a lack of $0.32. This compares to lack of $0.16 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 6.25%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.33 per share when it truly produced a lack of $0.12, delivering a shock of 63.64%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
AudioEye, which belongs to the Zacks Web – Software program business, posted revenues of $5.59 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 2.57%. This compares to year-ago revenues of $3.6 million. The corporate has topped consensus income estimates 4 instances during the last 4 quarters.
The sustainability of the inventory’s fast value motion primarily based on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
AudioEye shares have added about 6.9% for the reason that starting of the 12 months versus the S&P 500’s acquire of three.8%.
What’s Subsequent for AudioEye?
Whereas AudioEye has outperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis reveals a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for AudioEye was blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the entire record of right this moment’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.21 on $6.42 million in revenues for the approaching quarter and -$0.59 on $30.99 million in revenues for the present fiscal 12 months.
Traders must be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Web – Software program is presently within the backside 34% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Audioeye, Inc. (AEYE): Free Inventory Evaluation Report
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