Eloqua Inc (ELOQ) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ($0.02)-($0.04) for the period.

ELOQ has been the subject of a number of recent research reports. Analysts at Needham & Company raised their price target on shares of Eloqua from $18.00 to $22.00 in a research note to investors on Monday, September 24th. They now have a buy rating on the stock. On a related note, analysts at Pacific Crest initiated coverage on shares of Eloqua in a research note to investors on Monday, August 27th. They set an outperform rating on the stock.

Shares of Eloqua Inc (ELOQ) traded up 3.22% during mid-day trading on Wednesday, hitting $21.48. Eloqua Inc (ELOQ) has a 52 week low of $11.60 and a 52 week high of $22.00. The company has a market cap of $688.2 million and a P/E ratio of 11.52.

Eloqua last announced its earnings results on Wednesday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts predict that Eloqua Inc (ELOQ) will post $-0.24 earnings per share for the current fiscal year.

Eloqua, Inc., formerly Eloqua Limited, provides on-demand revenue performance management (RPM) software solutions that are designed to enable businesses to accelerate revenue growth and improve revenue predictability by automating, monitoring and measuring their complex marketing and sales initiatives.

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