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

AudioEye

02/11/2023 21:04

* AudioEye Inc  AEYE.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -20 cents.  The mean expectation of three analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -16 cents to -13 cents per share.
    * Revenue rose 1.8% to $7.84 million from a year ago;
analysts
expected $7.85 million. 
    * AudioEye Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $1.36 million.
    * AudioEye Inc shares had fallen by 11.1% this quarter and
gained 14.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
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." 
    * Wall Street's median 12-month price target for AudioEye
Inc is
$9.00 

This summary was machine generated from LSEG data November 2 at
09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.15          -0.11          Beat
 Jun. 30 2023      -0.16          -0.17          Missed
 Mar. 31 2023      -0.17          -0.17          Met
 Dec. 31 2022      -0.22          -0.17          Beat