AudioEye Sees Q3 Adj. EPS $0.15-$0.16 vs $(0.03) Est., Revenue $8.85M-$8.95M vs $8.81M Est.; Sees FY24 Adj. EPS $0.48-$0.51 vs $(0.15) Est., Revenue $34.5M-$34.8M vs $34.49M Est.
Portfolio Pulse from Benzinga Newsdesk
AudioEye has released its Q3 and FY24 financial guidance, significantly surpassing analyst estimates. For Q3, the company expects adjusted EPS of $0.15-$0.16 compared to an estimated loss of $(0.03), and revenue of $8.85M-$8.95M versus an estimate of $8.81M. For FY24, AudioEye projects adjusted EPS of $0.48-$0.51 against an estimated loss of $(0.15), and revenue of $34.5M-$34.8M compared to an estimate of $34.49M.
July 25, 2024 | 8:53 pm
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POSITIVE IMPACT
AudioEye has provided strong financial guidance for Q3 and FY24, significantly exceeding analyst expectations. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
The company's projected EPS and revenue for both Q3 and FY24 are well above analyst estimates, indicating strong financial performance. This is likely to attract positive investor sentiment and result in a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100