Wall Street brokers expect AutoWeb, Inc. (NASDAQ: AUTO) reported $18.10 million in sales for the current fiscal quarter, according to Zacks. Two analysts have released estimates of AutoWeb’s earnings, with estimates ranging from $17.96 million to $18.24 million. AutoWeb reported sales of $17.25 million in the same quarter last year, indicating a positive year-over-year growth rate of 4.9%. The company is expected to release its next earnings report on Thursday, March 10th.
According to Zacks, analysts expect AutoWeb to report full-year sales of $71.88 million for the current year, with estimates ranging from $71.74 million to $72.02 million. For the upcoming fiscal year, analysts have expected the company to report sales of $81.70 million, with estimates ranging from $79.99 million to $83.42 million. Zacks sales accounts are an average based on a survey of sales-side analysts who cover AutoWeb.
AutoWeb (NASDAQ:AUTO) announced its latest earnings results on Thursday, November 4th. The information services provider ($0.23) reported earnings per share for the quarter, topping the consensus estimate of ($0.07) by ($0.16). The company generated $17.16 million in revenue for the quarter, compared to analyst estimates of $18.96 million. AutoWeb had a negative return on equity of 24.20% and a negative net margin of 5.61%. During the same quarter last year, the company reported ($0.03) earnings per share.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of AutoWeb from a “strong sell” rating to a “hold” rating in a report released on Wednesday, January 5th. Barrington Research lowered shares of AutoWeb from an “outstanding” rating to a “market performer” rating and set a target price of $6.00 per share. In a research report on Wednesday, November 10.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Two companies from Sigma Securities LLC acquired a new stake in AutoWeb stock in the third quarter valued at approximately $42,000. State Street Corp. bought a new stake in AutoWeb in the second quarter valued at approximately $126,000. Geode Capital Management LLC boosted its stake in AutoWeb by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 68,506 shares of the information services provider’s stock valued at $191,000 after purchasing an additional 3,379 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of AutoWeb during the second quarter valued at $421,000. 19.67% of the shares are owned by institutional investors and hedge funds.
Nasdaq Auto opened at $3.28 on Monday. The stock has a market capitalization of $44.17 million, a price-earnings ratio of -10.93 and a beta issue of 2.22. AutoWeb recorded a 52-week low of $2.23 and a 52-week high of $4.40. The company has a 50-day moving average of $3.19 and a 200-day moving average of $2.98.
AutoWeb Company Profile
AutoWeb, Inc involved in digital marketing solutions. The company is engaged in helping auto retailers and auto manufacturers market and sell new and used vehicles to consumers by leveraging products and services that enhance digital sales. Consumer-facing automobile websites provide consumers with information and tools to assist them in their automobile buying decisions and give market consumers the ability to communicate with dealers regarding vehicle purchases or rentals.
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