AudioEye (NASDAQ:AEYE – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.380-0.460 for the period, compared to the consensus earnings per share 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.
Analyst Ratings Changes
Several brokerages recently issued reports on AEYE. B. Riley boosted their price target on AudioEye from $14.00 to $18.50 and gave the company a buy rating in a research note on Wednesday. HC Wainwright restated a buy rating and set a $17.00 price objective on shares of AudioEye in a research report on Wednesday. Finally, Craig Hallum upped their target price on AudioEye from $10.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, April 10th.
Check Out Our Latest Analysis on AEYE
AudioEye Price Performance
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.11. The business had revenue of $7.87 million for the quarter, compared to analyst estimates of $7.91 million. AudioEye had a negative return on equity of 12.39% and a negative net margin of 14.83%. On average, equities analysts anticipate that AudioEye will post 0.01 EPS for the current fiscal year.
AudioEye Company Profile
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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