Autoweb (AUTO) Set to Announce Earnings on Thursday

Autoweb (NASDAQ:AUTO) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter.

Autoweb (NASDAQ:AUTO) last posted its quarterly earnings results on Thursday, August 2nd. The information services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Autoweb had a negative return on equity of 7.50% and a negative net margin of 61.64%. The company had revenue of $29.29 million for the quarter, compared to analysts’ expectations of $29.93 million. On average, analysts expect Autoweb to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ AUTO opened at $2.34 on Thursday. Autoweb has a 52 week low of $2.24 and a 52 week high of $9.91. The firm has a market cap of $29.64 million, a PE ratio of 8.07 and a beta of 1.29.

AUTO has been the topic of several analyst reports. ValuEngine upgraded Autoweb from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Barrington Research reiterated a “hold” rating on shares of Autoweb in a report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded Autoweb from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 11th. Five analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $6.67.

In related news, insider Jared Robert Rowe purchased 13,800 shares of Autoweb stock in a transaction dated Friday, August 10th. The shares were acquired at an average price of $3.64 per share, for a total transaction of $50,232.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 30.60% of the stock is owned by insiders.

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

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Earnings History for Autoweb (NASDAQ:AUTO)

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