Wall Street analysts expect eGain Co. (NASDAQ:EGAN – Get Rating) to announce $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for eGain’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.03. eGain reported earnings of $0.08 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 87.5%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that eGain will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.24 to $0.28. For the next financial year, analysts forecast that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks’ earnings per share averages are an average based on a survey of analysts that cover eGain.
eGain (NASDAQ:EGAN – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.10. The firm had revenue of $23.90 million for the quarter, compared to analyst estimates of $22.52 million. eGain had a return on equity of 2.27% and a net margin of 1.31%.
A number of equities research analysts have recently weighed in on EGAN shares. Zacks Investment Research upgraded eGain from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, May 17th. StockNews.com upgraded eGain from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 8th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EGAN. Citigroup Inc. boosted its position in shares of eGain by 95.6% during the third quarter. Citigroup Inc. now owns 2,688 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,314 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of eGain by 462.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,212 shares of the technology company’s stock valued at $53,000 after purchasing an additional 4,285 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of eGain by 47.3% during the fourth quarter. Lazard Asset Management LLC now owns 6,537 shares of the technology company’s stock valued at $65,000 after purchasing an additional 2,099 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of eGain during the first quarter valued at approximately $67,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of eGain during the fourth quarter valued at approximately $104,000. Institutional investors own 53.97% of the company’s stock.
Shares of EGAN stock traded up $0.18 during trading hours on Thursday, reaching $9.14. The company’s stock had a trading volume of 89,320 shares, compared to its average volume of 115,559. The stock has a market capitalization of $290.84 million, a P/E ratio of 304.67 and a beta of 0.47. eGain has a one year low of $8.77 and a one year high of $13.70. The firm’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $10.70.
About eGain (Get Rating)
eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides unified cloud software solutions to automate, augment, and orchestrate customer engagement. It also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting, implementation, and training services.
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Read More: eGain Co. (NASDAQ:EGAN) Expected to Announce Earnings of $0.01 Per Share