-$0.03 Earnings Per Share Expected for eGain Corp (EGAN) This Quarter
Wall Street brokerages expect eGain Corp (NASDAQ:EGAN) to report earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for eGain’s earnings. eGain posted earnings of ($0.09) per share in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that eGain will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.10). For the next financial year, analysts forecast that the firm will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.14) to ($0.07). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for eGain.
eGain (NASDAQ:EGAN) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $15.40 million during the quarter, compared to the consensus estimate of $14.74 million. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share.
Shares of eGain (NASDAQ:EGAN) opened at $7.75 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -0.64. The firm has a market capitalization of $215.54, a PE ratio of -55.36 and a beta of -0.50. eGain has a fifty-two week low of $1.30 and a fifty-two week high of $8.00.
In other eGain news, CFO Eric Smit sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $5.00, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now directly owns 276,303 shares in the company, valued at $1,381,515. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 32,500 shares of company stock valued at $195,400 over the last quarter. 39.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in EGAN. Renaissance Technologies LLC raised its holdings in eGain by 195.6% in the fourth quarter. Renaissance Technologies LLC now owns 778,014 shares of the technology company’s stock worth $4,085,000 after purchasing an additional 514,784 shares in the last quarter. Oaktop Capital Management II L.P. raised its holdings in eGain by 24.5% in the third quarter. Oaktop Capital Management II L.P. now owns 2,536,843 shares of the technology company’s stock worth $6,849,000 after purchasing an additional 500,000 shares in the last quarter. EAM Investors LLC bought a new position in eGain in the fourth quarter worth about $725,000. Deutsche Bank AG raised its holdings in eGain by 227.5% in the fourth quarter. Deutsche Bank AG now owns 187,991 shares of the technology company’s stock worth $986,000 after purchasing an additional 130,597 shares in the last quarter. Finally, Royce & Associates LP bought a new position in eGain in the fourth quarter worth about $500,000. Institutional investors and hedge funds own 51.28% of the company’s stock.
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eGain Company Profile
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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