AudioEye (NASDAQ:AEYE – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.120-0.130 for the period, compared to the consensus EPS estimate of -0.060. The company issued revenue guidance of $8.4 million-$8.5 million, compared to the consensus revenue estimate of $8.3 million.
Analysts Set New Price Targets
Several brokerages have recently commented on AEYE. Craig Hallum increased their price target on shares of AudioEye from $10.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. HC Wainwright reaffirmed a buy rating and set a $17.00 price objective on shares of AudioEye in a report on Wednesday. Finally, B. Riley upped their price objective on shares of AudioEye from $14.00 to $18.50 and gave the stock a buy rating in a report on Wednesday.
Read Our Latest Analysis on AEYE
AudioEye Price Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.11. AudioEye had a negative net margin of 18.75% and a negative return on equity of 27.55%. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $7.91 million. On average, sell-side analysts predict that AudioEye will post 0.01 EPS 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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