Equities research analysts expect that AutoWeb, Inc. (NASDAQ:AUTO) will post sales of $17.61 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for AutoWeb’s earnings. The highest sales estimate is $17.64 million and the lowest is $17.58 million. AutoWeb reported sales of $24.47 million in the same quarter last year, which indicates a negative year-over-year growth rate of 28%. The company is scheduled to issue its next quarterly earnings results on Thursday, May 6th.
According to Zacks, analysts expect that AutoWeb will report full-year sales of $75.30 million for the current year, with estimates ranging from $74.86 million to $75.75 million. For the next year, analysts forecast that the business will report sales of $88.54 million, with estimates ranging from $83.30 million to $93.78 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AutoWeb.
AutoWeb (NASDAQ:AUTO) last announced its quarterly earnings results on Wednesday, March 10th. The information services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.07. The company had revenue of $17.25 million during the quarter, compared to analyst estimates of $17.35 million. AutoWeb had a negative return on equity of 49.17% and a negative net margin of 10.53%.
Shares of AutoWeb stock traded up $0.12 during trading on Friday, hitting $2.53. The stock had a trading volume of 80,388 shares, compared to its average volume of 324,736. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $33.32 million, a P/E ratio of -3.69 and a beta of 2.30. The business has a fifty day moving average of $2.80 and a two-hundred day moving average of $2.99. AutoWeb has a fifty-two week low of $0.71 and a fifty-two week high of $5.97.
Several institutional investors have recently made changes to their positions in AUTO. Dimensional Fund Advisors LP acquired a new stake in shares of AutoWeb during the fourth quarter worth $36,000. Clearwater Capital Advisors LLC acquired a new stake in shares of AutoWeb during the fourth quarter worth $64,000. Virtu Financial LLC acquired a new stake in shares of AutoWeb during the fourth quarter worth $76,000. Susquehanna International Group LLP acquired a new stake in shares of AutoWeb during the fourth quarter worth $79,000. Finally, Jane Street Group LLC acquired a new stake in shares of AutoWeb during the third quarter worth $112,000. 12.26% of the stock is currently owned by institutional investors.
AutoWeb Company Profile
AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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