|Bid||2.7300 x 900|
|Ask||2.8500 x 800|
|Day's Range||2.7511 - 2.9300|
|52 Week Range||0.6500 - 5.9700|
|Beta (5Y Monthly)||2.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.81|
AutoWeb posted better-than-expected fourth-quarter results pushing shares of the digital marketing company for the automotive industry up 10.5% on March 11. AUTO added another 1.7% in Thursday’s extended trading session. AutoWeb’s (AUTO) 4Q revenues of $17.3 million beat the consensus estimates by $0.25 million but declined 35.2% year-over-year due to lower lead and click volumes and COVID-19 headwinds. The company reported a loss of $0.07 per share in 4Q, which narrowed from a loss of $0.24 per share in the prior-year period. Analysts were anticipating a loss of $0.12 per share. The year-over-year improvement came on the back of higher gross profits and lower operating expenses, driven by improved cost management. The company’s gross profit increased 6% in 4Q, driven by “continued efficiencies in traffic acquisition and focus on higher-margin distribution channels.” (See AutoWeb stock analysis on TipRanks). Ahead of the results, Barrington analyst Gary Prestopino maintained a Buy rating and a price target of $10 (239% upside potential) on the stock. In a note to investors, Prestopino said, “We believe that AUTO’s turnaround has been completed and the foundation has been set for transforming the business to exhibit consistently improved financial metrics.” “We believe that over a three- to five-year basis, the company should be able to attain an adjusted EBITDA margin of close to 10%, which is a level last attained in 2016,” the analyst added. Overall, the rest of the Street has a cautiously optimistic outlook on the stock, with a Moderate Buy consensus rating based on 2 unanimous Buys. The average analyst price target of $7.13 implies upside potential of about 142% to current levels. Shares have gained by 48.2% over the past year. Related News: Rush Street Lifts 2021 Revenue Outlook After 4Q Beat; Stock Jumps Over 16% Cloudera Drops 8% On Disappointing FY22 Outlook Redwood Trust Ramps Up Dividend By 14%; Street Is Bullish More recent articles from Smarter Analyst: Wheaton Precious Metals Hikes Dividend By 30% As Quarterly Results Disappoint Asure Software Sales Top 4Q Estimates Despite COVID-19 Headwinds DocuSign’s 4Q Results Beat Analysts’ Expectations; Shares Dip 4% Rush Street Lifts 2021 Revenue Outlook After 4Q Beat; Stock Jumps Over 16%
AutoWeb (AUTO) delivered earnings and revenue surprises of 71.43% and -0.57%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of AutoWeb (NASDAQ:AUTO) moved higher by 10.5% after the company reported Q4 results. Quarterly Results Earnings per share rose 70.83% year over year to ($0.07), which beat the estimate of ($0.12). Revenue of $17,251,000 decreased by 35.35% year over year, which beat the estimate of $17,070,000. Looking Ahead AutoWeb hasn't issued any earnings guidance for the time being. AutoWeb hasn't issued any revenue guidance for the time being. Conference Call Details Date: Mar 11, 2021 View more earnings on AUTO Time: 05:00 PM ET Webcast URL: https://edge.media-server.com/mmc/p/pc78w6ir Recent Stock Performance 52-week high was at $5.97 52-week low was at $0.50 Price action over last quarter: Up 27.16% Company Description AutoWeb Inc is a digital marketing company for the automotive industry. The company helps automotive retail dealers and automotive manufacturers to market and sell new and used vehicles to consumers through company's programs for online lead and traffic referrals, dealer marketing products and services, online advertising and mobile products. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 11, 2021A Preview Of AutoWeb's Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.