Wall Street analysts expect Autoweb Inc (NASDAQ:AUTO) to report earnings of ($0.04) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Autoweb’s earnings. Autoweb posted earnings per share of ($0.19) in the same quarter last year, which would indicate a positive year over year growth rate of 78.9%. The company is expected to announce its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Autoweb will report full year earnings of ($0.43) per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.39 per share. Zacks’ EPS calculations are an average based on a survey of research firms that follow Autoweb.
Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Wednesday, August 7th. The information services provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.20). The company had revenue of $27.14 million for the quarter, compared to analysts’ expectations of $27.71 million. Autoweb had a negative return on equity of 51.92% and a negative net margin of 27.41%.
A number of equities analysts have weighed in on AUTO shares. ValuEngine downgraded shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Zacks Investment Research raised shares of Autoweb from a “sell” rating to a “hold” rating in a research note on Tuesday.
NASDAQ:AUTO opened at $2.61 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. Autoweb has a fifty-two week low of $1.90 and a fifty-two week high of $5.00. The firm’s 50 day moving average is $2.64 and its two-hundred day moving average is $3.19.
In related news, Director Matias De Tezanos purchased 50,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $2.31 per share, with a total value of $115,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 38.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. Ridgewood Investments LLC raised its stake in Autoweb by 33.3% during the second quarter. Ridgewood Investments LLC now owns 16,000 shares of the information services provider’s stock worth $57,000 after purchasing an additional 4,000 shares during the period. Vanguard Group Inc. raised its stake in Autoweb by 28.1% during the second quarter. Vanguard Group Inc. now owns 248,214 shares of the information services provider’s stock worth $881,000 after purchasing an additional 54,377 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Autoweb by 5.3% during the second quarter. Renaissance Technologies LLC now owns 407,590 shares of the information services provider’s stock worth $1,447,000 after purchasing an additional 20,400 shares during the period. 19.67% of the stock is currently owned by institutional investors.
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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