AutoWeb, Inc. (NASDAQ:AUTO) Expected to Announce Earnings of -$0.08 Per Share

Analysts expect that AutoWeb, Inc. (NASDAQ:AUTO) will announce ($0.08) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided 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 reported earnings of ($0.06) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The firm is expected to announce its next earnings report on Wednesday, August 4th.

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

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

A number of analysts have weighed in on the stock. Barrington Research dropped their target price on shares of 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 downgraded AutoWeb from a “buy” rating to a “hold” rating in a research note on Wednesday, May 19th.

Shares of AUTO traded down $0.06 during mid-day trading on Friday, hitting $2.87. The stock had a trading volume of 22 shares, compared to its average volume of 245,415. The stock has a market capitalization of $38.65 million, a P/E ratio of -16.28 and a beta of 2.26. AutoWeb has a fifty-two week low of $0.95 and a fifty-two week high of $5.97. The company’s fifty day moving average price is $2.71.

A number of institutional investors and hedge funds have recently bought and sold shares of AUTO. Dimensional Fund Advisors LP bought a new position in shares of AutoWeb in the fourth quarter worth $36,000. Millennium Management LLC lifted its stake in shares of AutoWeb by 73.6% in the 1st quarter. Millennium Management LLC now owns 23,330 shares of the information services provider’s stock worth $62,000 after acquiring an additional 9,889 shares during the period. Virtu Financial LLC bought a new stake in AutoWeb during the fourth quarter worth approximately $76,000. Susquehanna International Group LLP acquired a new position in AutoWeb in the fourth quarter worth approximately $79,000. Finally, Bank of New York Mellon Corp bought a new position in shares of AutoWeb in the fourth quarter valued at $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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