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Audioeye, Inc. (AEYE) Gains But Lags Market: What You Should Know
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In the latest trading session, Audioeye, Inc. (AEYE - Free Report) closed at $8.59, marking a +0.29% move from the previous day. This move lagged the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the company had lost 5.73% in the past month. In that same time, the Computer and Technology sector gained 6.46%, while the S&P 500 gained 4.67%.
Investors will be hoping for strength from AEYE as it approaches its next earnings release. In that report, analysts expect AEYE to post earnings of -$0.16 per share. This would mark year-over-year growth of 36%. Meanwhile, our latest consensus estimate is calling for revenue of $2.02 million, up 75.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.36 per share and revenue of $11.02 million. These totals would mark changes of +48.57% and +94.7%, respectively, from last year.
Any recent changes to analyst estimates for AEYE should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.39% higher within the past month. AEYE is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Audioeye, Inc. (AEYE) Gains But Lags Market: What You Should Know
In the latest trading session, Audioeye, Inc. (AEYE - Free Report) closed at $8.59, marking a +0.29% move from the previous day. This move lagged the S&P 500's daily gain of 0.47%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.34%.
Coming into today, shares of the company had lost 5.73% in the past month. In that same time, the Computer and Technology sector gained 6.46%, while the S&P 500 gained 4.67%.
Investors will be hoping for strength from AEYE as it approaches its next earnings release. In that report, analysts expect AEYE to post earnings of -$0.16 per share. This would mark year-over-year growth of 36%. Meanwhile, our latest consensus estimate is calling for revenue of $2.02 million, up 75.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.36 per share and revenue of $11.02 million. These totals would mark changes of +48.57% and +94.7%, respectively, from last year.
Any recent changes to analyst estimates for AEYE should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.39% higher within the past month. AEYE is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.