eGain Corp (NASDAQ:EGAN) Expected to Announce Earnings of -$0.01 Per Share

Wall Street brokerages expect that eGain Corp (NASDAQ:EGAN) will report earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for eGain’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.01. eGain reported earnings per share of $0.02 in the same quarter last year, which indicates a negative year over year growth rate of 150%. The company is expected to announce its next earnings results on Tuesday, September 1st.

According to Zacks, analysts expect that eGain will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.21. For the next fiscal year, analysts expect that the business will post earnings of $0.06 per share, with EPS estimates ranging from $0.02 to $0.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for eGain.

eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. eGain had a net margin of 7.41% and a return on equity of 19.86%. The business had revenue of $18.35 million for the quarter, compared to the consensus estimate of $17.41 million.

A number of equities analysts have recently commented on EGAN shares. Craig Hallum raised shares of eGain from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $12.00 in a research note on Friday, February 7th. BidaskClub raised shares of eGain from a “sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of eGain in a research note on Monday, April 13th. Zacks Investment Research downgraded shares of eGain from a “buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, ValuEngine downgraded shares of eGain from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. eGain currently has a consensus rating of “Buy” and an average target price of $11.75.

A number of institutional investors have recently added to or reduced their stakes in EGAN. PenderFund Capital Management Ltd. raised its position in shares of eGain by 7.6% during the 1st quarter. PenderFund Capital Management Ltd. now owns 1,190,701 shares of the technology company’s stock worth $12,283,000 after buying an additional 84,356 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of eGain by 876.8% during the 1st quarter. JPMorgan Chase & Co. now owns 744,875 shares of the technology company’s stock worth $5,459,000 after buying an additional 668,616 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of eGain by 38.6% during the 1st quarter. Wasatch Advisors Inc. now owns 731,074 shares of the technology company’s stock worth $5,359,000 after buying an additional 203,662 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of eGain by 32.3% during the 1st quarter. Acadian Asset Management LLC now owns 537,660 shares of the technology company’s stock worth $3,941,000 after buying an additional 131,129 shares in the last quarter. Finally, State Street Corp raised its position in shares of eGain by 6.3% during the 4th quarter. State Street Corp now owns 425,967 shares of the technology company’s stock worth $3,374,000 after buying an additional 25,375 shares in the last quarter. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EGAN stock traded down $0.24 during mid-day trading on Tuesday, reaching $10.41. The company’s stock had a trading volume of 192,400 shares, compared to its average volume of 163,471. The company’s 50 day simple moving average is $9.05 and its 200-day simple moving average is $8.12. eGain has a 12-month low of $4.80 and a 12-month high of $10.76. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $319.73 million, a PE ratio of 61.24, a price-to-earnings-growth ratio of 5.20 and a beta of 0.80.

eGain Company Profile

eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.

Featured Article: What does cost of debt say about a company’s financial health?

Get a free copy of the Zacks research report on eGain (EGAN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for eGain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eGain and related companies with MarketBeat.com's FREE daily email newsletter.