Autoweb (AUTO) Announces Earnings Results

Autoweb (NASDAQ:AUTO) announced its quarterly earnings results on Thursday. The information services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Fidelity Earnings reports. The business had revenue of $31.70 million for the quarter, compared to analyst estimates of $30.74 million. Autoweb had a negative net margin of 61.64% and a negative return on equity of 7.50%.

Shares of AUTO traded down $0.11 during mid-day trading on Friday, reaching $2.15. 88,992 shares of the stock traded hands, compared to its average volume of 43,449. The firm has a market capitalization of $30.54 million, a P/E ratio of 7.41 and a beta of 1.40. Autoweb has a 12-month low of $2.10 and a 12-month high of $9.91.

A number of analysts have recently issued reports on the stock. Barrington Research reiterated a “hold” rating on shares of Autoweb in a research note on Monday, November 5th. ValuEngine lowered shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Five research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $6.67.

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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.

Further Reading: Bear Market

Earnings History for Autoweb (NASDAQ:AUTO)

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