Autobytel Inc. (AUTO) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Autobytel Inc. (NASDAQ:AUTO) released its quarterly earnings data on Thursday. The information services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08, Bloomberg Earnings reports. The business had revenue of $36.90 million for the quarter, compared to the consensus estimate of $36.84 million. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Autobytel updated its FY17 guidance to $0.78-$0.82 EPS.

Several analysts have recently commented on the stock. TheStreet downgraded shares of Autobytel from a “c” rating to a “d+” rating in a report on Monday, October 9th. Zacks Investment Research raised shares of Autobytel from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Autobytel in a report on Wednesday, August 9th. Finally, Barrington Research downgraded shares of Autobytel from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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Autobytel Company Profile

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.

Earnings History for Autobytel (NASDAQ:AUTO)

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