Equities research analysts predict that eGain Corp (NASDAQ:EGAN) will report sales of $13.37 million for the current quarter, Zacks reports. Two analysts have made estimates for eGain Corp’s earnings, with the lowest sales estimate coming in at $13.14 million and the highest estimate coming in at $13.60 million. eGain Corp posted sales of $17.62 million during the same quarter last year, which suggests a negative year-over-year growth rate of 24.1%. The company is expected to announce its next quarterly earnings results on Thursday, September 14th.
According to Zacks, analysts expect that eGain Corp will report full year sales of $13.37 million for the current year, with estimates ranging from $56.73 million to $57.23 million. For the next fiscal year, analysts anticipate that the company will post sales of $56.76 million per share, with estimates ranging from $56.01 million to $57.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow eGain Corp.
eGain Corp (NASDAQ:EGAN) last announced its quarterly earnings results on Wednesday, May 10th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.04. The business had revenue of $13.90 million for the quarter, compared to the consensus estimate of $14.04 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year.
Several equities analysts recently issued reports on EGAN shares. Benchmark Co. reissued a “hold” rating and set a $2.50 price target (down from $3.50) on shares of eGain Corp in a report on Monday, February 13th. Zacks Investment Research raised shares of eGain Corp from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th.
Shares of eGain Corp (NASDAQ:EGAN) remained flat at $1.55 during midday trading on Friday. 20,582 shares of the company traded hands. eGain Corp has a 12 month low of $1.30 and a 12 month high of $3.60. The firm has a 50-day moving average of $1.58 and a 200 day moving average of $1.87. The firm’s market capitalization is $42.01 million.
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A hedge fund recently raised its stake in eGain Corp stock. Renaissance Technologies LLC boosted its stake in shares of eGain Corp (NASDAQ:EGAN) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,100 shares of the technology company’s stock after buying an additional 31,700 shares during the period. Renaissance Technologies LLC owned 0.48% of eGain Corp worth $187,000 at the end of the most recent quarter. 54.00% of the stock is currently owned by hedge funds and other institutional investors.
About eGain Corp
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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