Analysts expect eGain Corp (NASDAQ:EGAN) to report $15.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for eGain’s earnings, with the lowest sales estimate coming in at $15.03 million and the highest estimate coming in at $15.46 million. eGain reported sales of $13.85 million during the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The firm is scheduled to announce its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that eGain will report full-year sales of $15.25 million for the current fiscal year, with estimates ranging from $59.35 million to $61.76 million. For the next financial year, analysts anticipate that the firm will report sales of $66.47 million per share, with estimates ranging from $63.75 million to $69.18 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover eGain.
eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $15.40 million for the quarter, compared to analysts’ expectations of $14.74 million. During the same period in the prior year, the company earned ($0.04) EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis.
In related news, CFO Eric Smit sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $5.00, for a total transaction of $37,500.00. Following the sale, the chief financial officer now directly owns 276,303 shares in the company, valued at approximately $1,381,515. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 27,500 shares of company stock worth $140,925 in the last ninety days. Insiders own 39.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Alambic Investment Management L.P. bought a new stake in shares of eGain during the 4th quarter valued at $121,000. Acadian Asset Management LLC raised its stake in shares of eGain by 1,584.3% during the 4th quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock valued at $187,000 after purchasing an additional 33,556 shares during the period. PenderFund Capital Management Ltd. bought a new stake in shares of eGain during the 4th quarter valued at $223,000. Virtu Financial LLC raised its stake in shares of eGain by 87.1% during the 4th quarter. Virtu Financial LLC now owns 52,773 shares of the technology company’s stock valued at $277,000 after purchasing an additional 24,574 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of eGain during the 4th quarter valued at $500,000. Institutional investors own 51.51% of the company’s stock.
Shares of eGain (NASDAQ EGAN) traded up $0.50 during midday trading on Friday, hitting $7.20. The stock had a trading volume of 528,371 shares, compared to its average volume of 195,147. eGain has a 1 year low of $1.30 and a 1 year high of $7.30. The company has a debt-to-equity ratio of -0.91, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market cap of $160.82, a PE ratio of -51.42 and a beta of 0.05.
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eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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