Autobytel Inc. (AUTO) Updates FY17 Earnings Guidance
Autobytel Inc. (NASDAQ:AUTO) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.78-$0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.78. The company issued revenue guidance of $144-$148 million, compared to the consensus revenue estimate of $144.17 million.
Autobytel (NASDAQ:AUTO) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.07. The business had revenue of $34.60 million during the quarter, compared to the consensus estimate of $34.30 million. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS.
A number of equities analysts have recently issued reports on AUTO shares. ValuEngine downgraded shares of Autobytel from a buy rating to a hold rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Autobytel from a hold rating to a strong sell rating in a report on Monday, August 14th. TheStreet downgraded shares of Autobytel from a c rating to a d+ rating in a report on Monday, October 9th. Barrington Research downgraded shares of Autobytel from an outperform rating to a market perform rating in a report on Friday, August 4th. Finally, B. Riley reiterated a buy rating and issued a $12.00 price target on shares of Autobytel in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Autobytel presently has an average rating of Hold and a consensus price target of $12.00.
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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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