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

• AudioEye Inc AEYE.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of five analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents tozero cents per share.

• Revenue rose 14.6% to $10.23 million from a year ago; analysts expected $10.26 million.

• AudioEye Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $554 thousand.

• AudioEye Inc shares had risen by 10.0% this quarter and gained 0.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 900% 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 5 "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 $22.00, about 30.7% above its last closing price of $15.25

This summary was machine generated from LSEG data November 4 at 10:01 p.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)