AudioEye (NASDAQ:AEYE – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.150-0.160 for the period, compared to the consensus EPS estimate of -0.030. The company issued revenue guidance of $8.9 million-$9.0 million, compared to the consensus revenue estimate of $8.8 million. AudioEye also updated its FY 2024 guidance to 0.480-0.510 EPS.
AudioEye Stock Performance
Shares of NASDAQ:AEYE traded up $7.51 on Friday, hitting $27.15. The company had a trading volume of 1,365,703 shares, compared to its average volume of 263,585. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37. AudioEye has a 52-week low of $3.75 and a 52-week high of $27.31. The business has a 50 day moving average of $21.01 and a 200 day moving average of $13.69.
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. AudioEye had a positive return on equity of 11.58% and a negative net margin of 10.70%. The business had revenue of $8.08 million for the quarter, compared to the consensus estimate of $8.04 million. As a group, sell-side analysts expect that AudioEye will post 0.05 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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About AudioEye
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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