Zacks: Analysts Expect eGain Corp (EGAN) Will Announce Quarterly Sales of $14.93 Million

Equities analysts predict that eGain Corp (NASDAQ:EGAN) will report sales of $14.93 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for eGain’s earnings. The lowest sales estimate is $14.82 million and the highest is $15.03 million. eGain posted sales of $13.85 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The business is expected to announce its next earnings report on Wednesday, May 9th.

On average, analysts expect that eGain will report full year sales of $14.93 million for the current fiscal year, with estimates ranging from $59.27 million to $59.35 million. For the next fiscal year, analysts expect that the business will post sales of $63.84 million per share, with estimates ranging from $63.75 million to $63.93 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow eGain.

eGain (NASDAQ:EGAN) last issued its earnings results on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $15.40 million during the quarter, compared to analyst estimates of $14.74 million. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share.

Several brokerages have recently commented on EGAN. Benchmark upgraded eGain from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Friday. Zacks Investment Research cut shares of eGain from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Roth Capital started coverage on shares of eGain in a research report on Wednesday, January 17th. They issued a “buy” rating and a $8.00 price target on the stock. Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research report on Monday, December 18th. Finally, ValuEngine cut shares of eGain from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. eGain presently has a consensus rating of “Buy” and a consensus price target of $6.00.

In related news, CFO Eric Smit sold 7,500 shares of the firm’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 transaction, the chief financial officer now owns 276,303 shares of the company’s stock, valued at approximately $1,381,515. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 27,500 shares of company stock worth $140,925. 39.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. bought a new position in eGain in the 4th quarter valued at about $121,000. Acadian Asset Management LLC lifted its position in eGain by 1,584.3% in the 4th quarter. Acadian Asset Management LLC now owns 35,674 shares of the technology company’s stock valued at $187,000 after acquiring an additional 33,556 shares in the last quarter. PenderFund Capital Management Ltd. bought a new position in eGain in the 4th quarter valued at about $223,000. Virtu Financial LLC lifted its position in eGain by 87.1% in the 4th quarter. Virtu Financial LLC now owns 52,773 shares of the technology company’s stock valued at $277,000 after acquiring an additional 24,574 shares in the last quarter. Finally, Royce & Associates LP bought a new position in eGain in the 4th quarter valued at about $500,000. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of eGain (EGAN) opened at $5.60 on Friday. The company has a debt-to-equity ratio of -0.91, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $141.74, a PE ratio of -40.00 and a beta of 0.05. eGain has a 12 month low of $1.30 and a 12 month high of $6.50.

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About eGain

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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