eGain Corporation (NASDAQ:EGAN) Expected to Announce Quarterly Sales of $13.37 Million
Analysts predict that eGain Corporation (NASDAQ:EGAN) will announce $13.37 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for eGain Corporation’s earnings. The highest sales estimate is $13.60 million and the lowest is $13.14 million. eGain Corporation posted sales of $17.62 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, September 14th.
According to Zacks, analysts expect that eGain Corporation will report full year sales of $13.37 million for the current financial year, with estimates ranging from $56.73 million to $57.23 million. For the next fiscal year, analysts anticipate that the company will report 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 research analysts that follow eGain Corporation.
Separately, Zacks Investment Research cut shares of eGain Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th.
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eGain Corporation (NASDAQ EGAN) opened at 1.55 on Friday. The company’s market cap is $42.01 million. eGain Corporation has a 12 month low of $1.30 and a 12 month high of $3.51. The stock’s 50 day moving average is $1.77 and its 200 day moving average is $1.73.
A hedge fund recently raised its stake in eGain Corporation stock. Renaissance Technologies LLC raised its position in shares of eGain Corporation (NASDAQ:EGAN) by 37.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 97,400 shares of the technology company’s stock after buying an additional 26,400 shares during the period. Renaissance Technologies LLC owned about 0.36% of eGain Corporation worth $205,000 at the end of the most recent reporting period. 48.83% of the stock is owned by institutional investors.
About eGain Corporation
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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