AudioEye Inc reports results for the quarter ended in September 30 - Earnings Summary

AudioEye

08/11/2024 05:18

* AudioEye Inc  AEYE.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -11 cents.  The mean expectation of four analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -2 cents to 1 cents per share.
    * Revenue rose 13.9% to $8.93 million from a year ago;
analysts
expected $8.91 million. 
    * AudioEye Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $1.2 million.
    * AudioEye Inc shares had risen by 18.3% this quarter and
gained 398.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 100%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$29.00 
This summary was machine generated from LSEG data November 8 at
05:18 a.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
 Sep. 30 2024      0.00           -0.10          Missed
 Jun. 30 2024      -0.04          -0.06          Missed
 Mar. 31 2024      -0.08          -0.07          Beat
 Dec. 31 2023      -0.11          -0.04          Beat