Zacks: Brokerages Anticipate Autobytel Inc. (AUTO) to Post $0.18 EPS
Wall Street analysts forecast that Autobytel Inc. (NASDAQ:AUTO) will post earnings per share of $0.18 for the current quarter, Zacks reports. Two analysts have made estimates for Autobytel’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. Autobytel posted earnings of $0.49 per share during the same quarter last year, which suggests a negative year over year growth rate of 63.3%. The firm is scheduled to report its next earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Autobytel will report full year earnings of $0.78 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.94 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Autobytel.
Autobytel (NASDAQ:AUTO) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $34.60 million during the quarter, compared to analyst estimates of $34.30 million. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS.
Several research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $12.00 price objective on shares of Autobytel in a research report on Wednesday, August 9th. Zacks Investment Research cut Autobytel from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. ValuEngine upgraded Autobytel from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Barrington Research cut Autobytel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. Finally, TheStreet cut Autobytel from a “c” rating to a “d+” rating in a research report on Monday, October 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.
Shares of Autobytel (AUTO) opened at 7.50 on Tuesday. The company has a 50-day moving average of $7.46 and a 200 day moving average of $10.54. The stock has a market cap of $96.52 million, a price-to-earnings ratio of 20.27 and a beta of 0.97. Autobytel has a one year low of $6.63 and a one year high of $17.27.
Autobytel Company Profile
AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.
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