AudioEye (NASDAQ:AEYE – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.380-0.460 for the period, compared to the consensus EPS 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.
Analysts Set New Price Targets
A number of analysts have commented on the company. B. Riley lifted their target price on AudioEye from $14.00 to $18.50 and gave the stock a buy rating in a report on Wednesday. HC Wainwright restated a buy rating and issued a $17.00 price target on shares of AudioEye in a research note on Wednesday. Finally, Craig Hallum raised their price target on AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, April 10th.
Check Out Our Latest Report on AEYE
AudioEye Stock Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The firm had revenue of $7.87 million for the quarter, compared to the consensus estimate of $7.91 million. AudioEye had a negative return on equity of 27.55% and a negative net margin of 18.75%. On average, equities analysts forecast that AudioEye will post 0.01 earnings per share for the current year.
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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