AudioEye (NASDAQ:AEYE) Releases FY 2024 Earnings Guidance

AudioEye (NASDAQ:AEYE) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.380-0.460 for the period, compared to the consensus estimate of -0.190. The company issued revenue guidance of $34.3 million-$34.7 million, compared to the consensus revenue estimate of $34.2 million.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AEYE. Craig Hallum upped their target price on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, April 10th. HC Wainwright reiterated a buy rating and set a $17.00 target price on shares of AudioEye in a research report on Wednesday. Finally, B. Riley upped their target price on AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research report on Wednesday.

AudioEye Price Performance

Shares of AEYE opened at $14.29 on Friday. AudioEye has a 1 year low of $3.75 and a 1 year high of $16.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $166.62 million, a price-to-earnings ratio of -36.64 and a beta of 1.36. The business has a 50-day moving average of $9.85 and a 200-day moving average of $6.49.

AudioEye (NASDAQ:AEYE) last released its earnings results on Wednesday, March 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.11. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. The business had revenue of $7.87 million during the quarter, compared to analysts’ expectations of $7.91 million. As a group, equities research analysts anticipate that AudioEye will post 0.01 earnings per share for the current 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.