eGain Corp (EGAN) Expected to Post Quarterly Sales of $15.25 Million

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.

A number of research analysts have recently commented on the company. Benchmark raised eGain from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Friday, February 9th. ValuEngine raised eGain from a “sell” rating to a “hold” rating in a research report on Tuesday. Roth Capital assumed coverage on eGain in a research report on Wednesday, January 17th. They set a “buy” rating and a $8.00 price target on the stock. Zacks Investment Research cut eGain from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research report on Monday, December 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. eGain presently has a consensus rating of “Buy” and an average price target of $6.00.

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.

ILLEGAL ACTIVITY WARNING: “eGain Corp (EGAN) Expected to Post Quarterly Sales of $15.25 Million” was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.themarketsdaily.com/2018/02/15/egain-corp-egan-expected-to-post-quarterly-sales-of-15-25-million.html.

About eGain

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.

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.

Latest News

Leave a Reply