Brokerages expect Autobytel’s quarterly sales to be $35.55 million

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May 14, 2017

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Autobytel LogoWall Street analysts expect Autobytel Inc. (NASDAQ:ABTL) to announce sales of $35.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Autobytel’s earnings, with the lowest sales estimate coming in at $35.37 million and the highest estimate coming in at $35.72 million. Autobytel reported sales of $36.15 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings results on Thursday, August 3rd.

On average, analysts expect that Autobytel will report full year sales of $35.55 million for the current fiscal year, with estimates ranging from $156.18 million to $162.8 million. For the next financial year, analysts anticipate that the company will post sales of $170.87 million per share, with estimates ranging from $164.64 million to $177.1 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Autobytel.

Autobytel (NASDAQ:ABTL) last issued its quarterly earnings results on Thursday, May 4th. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.19 by $0.07. The company had revenue of $37.34 million for the quarter, compared to the consensus estimate of $35.05 million. Autobytel had a net margin of 2.54% and a return on equity of 12.15%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS.

ABTL has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Autobytel from a “hold” rating to a “sell” rating in a research report on Thursday, March 16th. B. Riley restated a “buy” rating and issued a $20.00 price objective on shares of Autobytel in a report on Monday, January 16th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its position in shares of Autobytel by 2.3% in the third quarter. Acrospire Investment Management LLC now owns 8,758 shares of the information services provider’s stock worth $156,000 after buying an additional 200 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of Autobytel by 127.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 85,424 shares of the information services provider’s stock worth $1,149,000 after buying an additional 47,929 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Autobytel during the fourth quarter worth $3,415,000. Signia Capital Management LLC boosted its position in shares of Autobytel by 94.2% in the fourth quarter. Signia Capital Management LLC now owns 222,559 shares of the information services provider’s stock worth $2,993,000 after buying an additional 107,975 shares during the period. Finally, State Street Corp boosted its position in shares of Autobytel by 4.6% in the fourth quarter. State Street Corp now owns 124,677 shares of the information services provider’s stock worth $1,672,000 after buying an additional 5,462 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Autobytel (NASDAQ:ABTL) traded up 0.08% during midday trading on Wednesday, reaching $12.46. 70,518 shares of the company’s stock traded hands. The company has a market capitalization of $137.94 million, a price-to-earnings ratio of 34.71 and a beta of 1.25. Autobytel has a 1-year low of $10.72 and a 1-year high of $18.39. The firm’s 50-day moving average is $12.43 and its 200-day moving average is $13.30.

About Autobytel

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.

Source: Autobytel

Editor

May 14, 2017

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Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.