AudioEye (NASDAQ:AEYE – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.150-0.160 for the period, compared to the consensus earnings per share estimate of -0.030. The company issued revenue guidance of $8.9 million-$9.0 million, compared to the consensus revenue estimate of $8.8 million. AudioEye also updated its FY 2024 guidance to 0.480-0.510 EPS.
AudioEye Trading Up 38.2 %
Shares of AudioEye stock traded up $7.51 during trading hours on Friday, reaching $27.15. 1,365,703 shares of the company’s stock were exchanged, compared to its average volume of 263,585. The company has a 50 day moving average of $21.01 and a two-hundred day moving average of $13.69. AudioEye has a fifty-two week low of $3.75 and a fifty-two week high of $27.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.
AudioEye (NASDAQ:AEYE – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $8.08 million for the quarter, compared to analysts’ expectations of $8.04 million. AudioEye had a negative net margin of 10.70% and a positive return on equity of 11.58%. On average, research analysts expect that AudioEye will post 0.05 EPS for the current fiscal year.
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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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