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

Analysts forecast that AutoWeb, Inc. (NASDAQ:AUTO) will announce ($0.08) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AutoWeb’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at ($0.04). AutoWeb posted earnings per share of ($0.06) 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 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 fiscal 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’ earnings per share calculations are an average based on a survey of sell-side research firms that follow AutoWeb.

AutoWeb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, May 6th. The information services provider reported $0.02 EPS 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 the consensus estimate 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 issued reports on AUTO. Zacks Investment Research cut shares of AutoWeb from a “buy” rating to a “hold” rating in a research note on Wednesday, May 19th. Barrington Research decreased their price target on AutoWeb from $10.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 1st.

Shares of NASDAQ:AUTO traded down $0.06 during midday 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 50-day moving average price of $2.71. AutoWeb has a fifty-two week low of $0.95 and a fifty-two week high of $5.97. The company has a market capitalization of $38.65 million, a P/E ratio of -16.28 and a beta of 2.26.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in AutoWeb in the fourth quarter valued at approximately $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 valued at $62,000 after acquiring an additional 9,889 shares during the last quarter. Virtu Financial LLC bought a new position in shares of AutoWeb in the 4th quarter valued at $76,000. Susquehanna International Group LLP acquired a new stake in shares of AutoWeb during the 4th quarter valued at $79,000. Finally, Bank of New York Mellon Corp bought a new stake in AutoWeb during the 4th quarter worth $115,000. Institutional investors and hedge funds 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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