$0.01 Earnings Per Share Expected for eGain Corp (NASDAQ:EGAN) This Quarter

Wall Street analysts forecast that eGain Corp (NASDAQ:EGAN) will post earnings per share (EPS) of $0.01 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for eGain’s earnings. eGain posted 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 business is scheduled to issue its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that eGain will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.06. For the next year, analysts expect that the business will post earnings of $0.04 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover eGain.

eGain (NASDAQ:EGAN) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. eGain had a net margin of 6.96% and a return on equity of 28.68%. The firm had revenue of $17.19 million for the quarter, compared to analysts’ expectations of $17.02 million.

A number of equities research analysts have recently weighed in on the company. Oppenheimer assumed coverage on eGain in a report on Thursday, December 12th. They set a “buy” rating and a $12.00 price target on the stock. Zacks Investment Research raised eGain from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Rowe assumed coverage on eGain in a report on Thursday, December 12th. They set an “outperform” rating and a $12.00 price target on the stock. They noted that the move was a valuation call. ValuEngine cut eGain from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of eGain in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $11.17.

EGAN opened at $7.86 on Thursday. The business’s 50 day moving average is $7.90 and its 200-day moving average is $7.73. The stock has a market cap of $240.04 million, a PE ratio of 49.13 and a beta of 0.64. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.10. eGain has a twelve month low of $6.36 and a twelve month high of $12.74.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in shares of eGain by 11.8% during the third quarter. California State Teachers Retirement System now owns 35,072 shares of the technology company’s stock valued at $281,000 after acquiring an additional 3,695 shares during the period. Northern Trust Corp grew its position in eGain by 3.3% in the second quarter. Northern Trust Corp now owns 213,958 shares of the technology company’s stock worth $1,742,000 after buying an additional 6,910 shares during the last quarter. Squarepoint Ops LLC grew its position in eGain by 11.8% in the third quarter. Squarepoint Ops LLC now owns 69,897 shares of the technology company’s stock worth $560,000 after buying an additional 7,397 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in eGain in the second quarter worth approximately $82,000. Finally, Hennessy Advisors Inc. acquired a new position in eGain in the third quarter worth approximately $82,000. Institutional investors and hedge funds own 74.28% of the company’s stock.

About eGain

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.

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