Audioeye, Inc. (AEYE) closed the most recent trading day at $11, moving -1.61% from the previous trading session. This change lagged the S&P 500’s 1.56% gain on the day. At the same time, the Dow added 1.77%, and the tech-heavy Nasdaq gained 2.2%.
Prior to today’s trading, shares of the company had gained 30.76% over the past month. This has outpaced the Computer and Technology sector’s gain of 4.45% and the S&P 500’s gain of 6.41% in that time.
Wall Street will be looking for positivity from AEYE as it approaches its next earnings report date. This is expected to be April 1, 2019. In that report, analysts expect AEYE to post earnings of -$0.11 per share. This would mark year-over-year growth of 78%. Our most recent consensus estimate is calling for quarterly revenue of $1.65 million, up 87.5% from the year-ago period.
Investors should also note any recent changes to analyst estimates for AEYE. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AEYE currently has a Zacks Rank of #1 (Strong Buy).
The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 27, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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