AudioEye (NASDAQ:AEYE – Get Free Report) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.15-0.16 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of upper end of $8.90-8.95 million, compared to the consensus revenue estimate of $8.91 million. AudioEye also updated its FY 2024 guidance to 0.510-0.530 EPS.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Roth Mkm assumed coverage on AudioEye in a research report on Friday, June 21st. They set a buy rating and a $25.00 target price for the company. Roth Capital raised AudioEye to a strong-buy rating in a research report on Friday, June 21st. Craig Hallum lifted their target price on AudioEye from $20.00 to $30.00 and gave the company a buy rating in a research report on Friday, July 26th. Finally, HC Wainwright reaffirmed a buy rating and set a $23.00 target price on shares of AudioEye in a research report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $24.13.
Get Our Latest Analysis on AEYE
AudioEye Trading Up 1.3 %
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. The firm had revenue of $8.47 million for the quarter, compared to the consensus estimate of $8.45 million. As a group, equities research analysts anticipate that AudioEye will post 0.14 earnings per share for the current fiscal year.
AudioEye Company Profile
AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their 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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