eGain Corp (EGAN) Forecasted to Earn FY2017 Earnings of ($0.30) Per Share
eGain Corp (NASDAQ:EGAN) – Equities research analysts at Craig Hallum cut their FY2017 earnings per share (EPS) estimates for shares of eGain Corp in a report released on Monday. Craig Hallum analyst J. Van. Rhee now expects that the technology company will post earnings of ($0.30) per share for the year, down from their previous forecast of ($0.20). Craig Hallum also issued estimates for eGain Corp’s Q4 2017 earnings at ($0.08) EPS, Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.27) EPS.
A number of other equities analysts have also recently commented on the company. Benchmark Co. reissued a “hold” rating and set a $2.50 target price (down previously from $3.50) on shares of eGain Corp in a report on Monday, February 13th. Zacks Investment Research raised eGain Corp from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th.
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Shares of eGain Corp (NASDAQ:EGAN) opened at 1.55 on Wednesday. eGain Corp has a 52 week low of $1.30 and a 52 week high of $3.68. The company’s 50-day moving average price is $1.55 and its 200 day moving average price is $1.99. The company’s market cap is $42.01 million.
eGain Corp (NASDAQ:EGAN) last issued its earnings results on Wednesday, May 10th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.04. The company had revenue of $13.90 million during the quarter, compared to the consensus estimate of $14.04 million. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share.
An institutional investor recently raised its position in eGain Corp stock. Renaissance Technologies LLC boosted its position in shares of eGain Corp (NASDAQ:EGAN) by 32.5% during the first quarter, according to its most recent disclosure with the SEC. 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 approximately 0.48% of eGain Corp worth $187,000 at the end of the most recent reporting period. Institutional investors own 54.00% of the company’s stock.
eGain Corp 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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