eGain (NASDAQ:EGAN) Releases FY 2024 Earnings Guidance

eGain (NASDAQ:EGAN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.320-0.340 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $91.5 million-$91.8 million, compared to the consensus revenue estimate of $92.8 million. eGain also updated its Q4 2024 guidance to 0.010-0.030 EPS.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their target price on shares of eGain from $15.00 to $12.00 and set a buy rating on the stock in a research report on Friday, February 9th.

eGain Stock Performance

Shares of eGain stock traded up $0.23 during mid-day trading on Thursday, hitting $6.62. 122,036 shares of the stock were exchanged, compared to its average volume of 89,725. eGain has a 12 month low of $5.50 and a 12 month high of $8.52. The company has a 50-day simple moving average of $6.29 and a 200 day simple moving average of $6.90. The company has a market capitalization of $206.56 million, a P/E ratio of 30.09 and a beta of 0.55.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $23.82 million for the quarter, compared to analysts’ expectations of $23.53 million. eGain had a net margin of 7.33% and a return on equity of 11.01%. Analysts predict that eGain will post 0.16 EPS for the current year.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.