Wall Street brokerages expect Autoweb Inc (NASDAQ:AUTO) to announce ($0.26) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Autoweb’s earnings, with estimates ranging from ($0.28) to ($0.23). Autoweb posted earnings of ($0.07) per share during the same quarter last year, which would suggest a negative year over year growth rate of 271.4%. The firm is expected to report its next earnings report on Thursday, May 9th.

According to Zacks, analysts expect that Autoweb will report full-year earnings of ($0.70) per share for the current year, with EPS estimates ranging from ($0.74) to ($0.65). For the next fiscal year, analysts forecast that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.02) to $0.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Autoweb.

Autoweb (NASDAQ:AUTO) last released its earnings results on Thursday, March 7th. The information services provider reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. Autoweb had a negative net margin of 30.91% and a negative return on equity of 30.35%. The business had revenue of $32.25 million for the quarter, compared to the consensus estimate of $29.27 million.

A number of analysts recently commented on AUTO shares. Zacks Investment Research downgraded shares of Autoweb from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Finally, B. Riley upgraded shares of Autoweb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $3.20 to $5.00 in a report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.00.

Shares of NASDAQ AUTO traded up $0.09 during midday trading on Tuesday, reaching $3.48. The company’s stock had a trading volume of 32,556 shares, compared to its average volume of 35,736. Autoweb has a one year low of $1.90 and a one year high of $5.00. The company has a market capitalization of $43.52 million, a P/E ratio of -3.16 and a beta of 0.12.

Institutional investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new position in shares of Autoweb in the first quarter worth approximately $45,000. Bank of New York Mellon Corp increased its position in shares of Autoweb by 17.9% in the fourth quarter. Bank of New York Mellon Corp now owns 76,454 shares of the information services provider’s stock worth $233,000 after acquiring an additional 11,634 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Autoweb by 29.6% in the fourth quarter. BlackRock Inc. now owns 303,587 shares of the information services provider’s stock worth $925,000 after acquiring an additional 69,364 shares in the last quarter. 22.97% of the stock is currently owned by institutional investors and hedge funds.

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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