Analysts Expect AutoWeb, Inc. (NASDAQ:AUTO) to Announce -$0.08 EPS

Brokerages predict that AutoWeb, Inc. (NASDAQ:AUTO) will announce earnings per share of ($0.08) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AutoWeb’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.11). AutoWeb posted earnings per share of ($0.06) during the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The business is scheduled to report its next earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that AutoWeb will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.25) to ($0.06). For the next year, analysts forecast that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.30) to $0.14. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow AutoWeb.

AutoWeb (NASDAQ:AUTO) last announced its quarterly earnings data on Thursday, May 6th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.14. The business had revenue of $17.88 million during the quarter, compared to analysts’ expectations of $17.61 million. AutoWeb had a negative return on equity of 14.60% and a negative net margin of 3.50%.

A number of brokerages recently weighed in on AUTO. Barrington Research dropped their price objective on AutoWeb from $10.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, June 1st. Zacks Investment Research lowered AutoWeb from a “buy” rating to a “hold” rating in a research note on Wednesday, May 19th.

AUTO stock traded down $0.06 during trading on Friday, hitting $2.87. 22 shares of the company’s stock were exchanged, compared to its average volume of 245,415. The firm’s 50-day moving average price is $2.71. The firm has a market capitalization of $38.65 million, a PE ratio of -15.94 and a beta of 2.26. AutoWeb has a 52-week low of $0.95 and a 52-week high of $5.97.

A number of hedge funds have recently modified their holdings of AUTO. Dimensional Fund Advisors LP bought a new position in shares of AutoWeb during the fourth quarter worth approximately $36,000. Millennium Management LLC boosted its position in AutoWeb by 73.6% in the first quarter. Millennium Management LLC now owns 23,330 shares of the information services provider’s stock valued at $62,000 after buying an additional 9,889 shares in the last quarter. Virtu Financial LLC bought a new stake in AutoWeb in the fourth quarter valued at $76,000. Susquehanna International Group LLP bought a new stake in AutoWeb in the 4th quarter worth about $79,000. Finally, Bank of New York Mellon Corp purchased a new position in AutoWeb in the fourth quarter valued at about $115,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About AutoWeb

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 specific search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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