Brokerages Expect Autoweb Inc (AUTO) Will Announce Earnings of -$0.17 Per Share

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Equities research analysts expect Autoweb Inc (NASDAQ:AUTO) to post ($0.17) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Autoweb’s earnings, with estimates ranging from ($0.19) to ($0.15). Autoweb reported earnings per share of $0.01 in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,800%. The firm is expected to report its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Autoweb will report full year earnings of ($0.64) per share for the current year, with EPS estimates ranging from ($0.66) to ($0.62). For the next financial year, analysts anticipate that the company will post earnings of ($0.20) per share, with EPS estimates ranging from ($0.29) to ($0.11). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Autoweb.

Autoweb (NASDAQ:AUTO) last posted its earnings results on Thursday, November 8th. The information services provider reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.12). Autoweb had a negative return on equity of 20.99% and a negative net margin of 78.46%. The firm had revenue of $31.70 million for the quarter, compared to analysts’ expectations of $30.74 million.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Autoweb from a “sell” rating to a “hold” rating in a report on Wednesday. Barrington Research reissued a “hold” rating on shares of Autoweb in a research report on Monday, November 5th. ValuEngine cut Autoweb from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, B. Riley dropped their price target on Autoweb from $3.70 to $3.20 and set a “neutral” rating on the stock in a research report on Tuesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.60.

Shares of AUTO stock traded up $0.27 during midday trading on Tuesday, reaching $3.44. 14,438 shares of the stock were exchanged, compared to its average volume of 70,380. Autoweb has a 1 year low of $1.90 and a 1 year high of $9.50. The company has a market capitalization of $41.31 million, a price-to-earnings ratio of 11.88 and a beta of -0.01.

In related news, Director Matias De Tezanos purchased 50,000 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $2.00 per share, with a total value of $100,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 30.60% of the company’s stock.

An institutional investor recently raised its position in Autoweb stock. Macquarie Group Ltd. boosted its holdings in Autoweb Inc (NASDAQ:AUTO) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,841 shares of the information services provider’s stock after acquiring an additional 21,395 shares during the quarter. Macquarie Group Ltd. owned 1.14% of Autoweb worth $664,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 32.37% of the company’s stock.

Autoweb Company Profile

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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