eGain (NASDAQ:EGAN) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

eGain (NASDAQ:EGANGet Free Report) posted its earnings results on Thursday. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02), Zacks reports. The business had revenue of $22.35 million during the quarter, compared to analysts’ expectations of $23.01 million. eGain had a net margin of 7.33% and a return on equity of 11.01%. During the same period last year, the company earned ($0.01) EPS. eGain updated its FY 2024 guidance to 0.320-0.340 EPS and its Q4 2024 guidance to 0.010-0.030 EPS.

eGain Stock Performance

Shares of EGAN stock traded down $0.83 during mid-day trading on Friday, hitting $5.79. 168,725 shares of the stock were exchanged, compared to its average volume of 90,593. The stock’s fifty day simple moving average is $6.29 and its two-hundred day simple moving average is $6.90. The stock has a market capitalization of $180.67 million, a price-to-earnings ratio of 26.32 and a beta of 0.55. eGain has a 12-month low of $5.50 and a 12-month high of $8.52.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on EGAN

About eGain

(Get Free Report)

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.

Further Reading

Earnings History for eGain (NASDAQ:EGAN)

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