AudioEye Inc reports results for the quarter ended in March - Earnings Summary

AudioEye

23/04/2024 22:01

* AudioEye Inc  AEYE.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of three analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -9 cents to -6 cents per share.
    * Revenue rose 4% to $8.08 million from a year ago; analysts
expected $8.04 million. 
    * AudioEye Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $829 thousand.
    * AudioEye Inc shares had risen by 18.4% this quarter and
gained 118.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for AudioEye Inc is
$17.00 
This summary was machine generated from LSEG data April 23 at
09:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.08          -0.07          Beat
 Dec. 31 2023      -0.11          -0.04          Beat
 Sep. 30 2023      -0.15          -0.11          Beat
 Jun. 30 2023      -0.16          -0.17          Missed