Analysts expect that Autobytel Inc. (NASDAQ:AUTO) will announce sales of $35.35 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Autobytel’s earnings, with estimates ranging from $35.24 million to $35.46 million. Autobytel posted sales of $40.38 million in the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The company is scheduled to issue its next earnings results on Thursday, March 8th.

On average, analysts expect that Autobytel will report full-year sales of $35.35 million for the current fiscal year, with estimates ranging from $144.05 million to $144.26 million. For the next financial year, analysts forecast that the company will report sales of $149.25 million per share, with estimates ranging from $148.63 million to $149.87 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Autobytel.

Autobytel (NASDAQ:AUTO) last announced its earnings results on Thursday, November 2nd. The information services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.08. The company had revenue of $36.90 million during the quarter, compared to the consensus estimate of $36.84 million. Autobytel had a net margin of 1.51% and a return on equity of 7.47%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share.

Several equities analysts recently weighed in on AUTO shares. ValuEngine lowered shares of Autobytel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Autobytel from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. B. Riley restated a “buy” rating and set a $12.00 price target on shares of Autobytel in a research report on Friday, November 3rd. TheStreet lowered shares of Autobytel from a “c” rating to a “d+” rating in a research report on Monday, October 9th. Finally, Barrington Research lowered shares of Autobytel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Autobytel has a consensus rating of “Buy” and an average price target of $10.25.

Shares of Autobytel (NASDAQ AUTO) opened at $8.08 on Wednesday. The company has a market cap of $105.45, a PE ratio of 11.68 and a beta of 1.01. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.07. Autobytel has a 1-year low of $6.63 and a 1-year high of $15.28.

WARNING: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/15/autobytel-inc-auto-expected-to-post-quarterly-sales-of-35-35-million.html.

About Autobytel

AutoWeb, Inc, formerly Autobytel Inc, is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.

Get a free copy of the Zacks research report on Autobytel (AUTO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Autobytel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autobytel Inc. and related stocks with our FREE daily email newsletter.