AudioEye (NASDAQ:AEYE) Releases FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.510-0.530 for the period, compared to the consensus estimate of -0.130. The company issued revenue guidance of $35.2 million-$35.3 million, compared to the consensus revenue estimate of $34.7 million. AudioEye also updated its Q3 2024 guidance to 0.150-0.160 EPS.

AudioEye Stock Up 1.3 %

Shares of NASDAQ AEYE opened at $23.66 on Monday. AudioEye has a 12-month low of $3.75 and a 12-month high of $29.30. The company has a market capitalization of $275.38 million, a PE ratio of -60.67, a price-to-earnings-growth ratio of 6.50 and a beta of 1.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s 50-day moving average is $22.43 and its two-hundred day moving average is $19.05.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $8.47 million for the quarter, compared to the consensus estimate of $8.45 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 12.34%. Equities analysts anticipate that AudioEye will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEYE has been the subject of several research analyst reports. Craig Hallum upped their price target on shares of AudioEye from $20.00 to $30.00 and gave the stock a buy rating in a research report on Friday, July 26th. Roth Mkm assumed coverage on shares of AudioEye in a research report on Friday, June 21st. They issued a buy rating and a $25.00 price objective for the company. Roth Capital raised shares of AudioEye to a strong-buy rating in a research report on Friday, June 21st. Finally, HC Wainwright reissued a buy rating and issued a $23.00 price objective on shares of AudioEye in a research report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $24.13.

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.