Autoweb (AUTO) Releases Earnings Results, Misses Estimates By $0.06 EPS

Autoweb (NASDAQ:AUTO) issued its earnings results on Thursday. The information services provider reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.06), Fidelity Earnings reports. The company had revenue of $31.70 million for the quarter, compared to analysts’ expectations of $30.74 million. Autoweb had a negative return on equity of 7.50% and a negative net margin of 61.64%.

AUTO stock traded down $0.11 during trading on Friday, hitting $2.15. 88,992 shares of the company’s stock traded hands, compared to its average volume of 43,449. The firm has a market cap of $30.54 million, a price-to-earnings ratio of 7.41 and a beta of 1.40. Autoweb has a 1 year low of $2.10 and a 1 year high of $9.91.

AUTO has been the topic of a number of research reports. Barrington Research reaffirmed a “hold” rating on shares of Autoweb in a research report on Tuesday, July 31st. ValuEngine raised shares of Autoweb from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Five equities research analysts have rated the stock with a hold rating, Autoweb currently has a consensus rating of “Hold” and a consensus price target of $6.67.

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Autoweb Company Profile

AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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Earnings History for Autoweb (NASDAQ:AUTO)

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