AudioEye (NASDAQ:AEYE) Updates 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 FY24 guidance to $0.51-0.53 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEYE shares. HC Wainwright reaffirmed a buy rating and set a $23.00 price target on shares of AudioEye in a research note 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 target price for the company. Roth Capital raised shares of AudioEye to a strong-buy rating in a research report on Friday, June 21st. Finally, Craig Hallum raised their price objective on AudioEye from $20.00 to $30.00 and gave the company a buy rating in a report on Friday, July 26th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of $24.13.

AudioEye Price Performance

NASDAQ:AEYE opened at $22.85 on Tuesday. The stock has a market capitalization of $265.95 million, a PE ratio of -58.59, a P/E/G ratio of 6.50 and a beta of 1.00. AudioEye has a 1-year low of $3.75 and a 1-year high of $29.30. The firm has a fifty day simple moving average of $22.46 and a 200 day simple moving average of $19.16. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.39.

AudioEye (NASDAQ:AEYE) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $8.47 million during 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%. On average, research analysts expect that AudioEye will post 0.14 EPS 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.