Surging Earnings Estimates Signal Upside for AudioEye (AEYE) Stock

Core Viewpoint - AudioEye (AEYE) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Current-quarter earnings estimate is $0.18 per share, reflecting a +63.64% change from the previous year [4]. - Over the last 30 days, two estimates have increased for AudioEye, with no negative revisions, leading to a 30.77% rise in the Zacks Consensus Estimate [4]. - For the full year, the expected earnings are $0.52 per share, indicating a +372.73% change from the prior year [5]. - Similar to the current quarter, two estimates have moved up for the current year with no negative revisions, resulting in a 16.67% increase in the consensus estimate [5]. Zacks Rank and Performance - AudioEye currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the positive earnings revisions [6]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [6]. Stock Performance - The stock has increased by 7.2% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [7].