eGain (NASDAQ:EGAN) Issues Q1 2022 Earnings Guidance

eGain (NASDAQ:EGAN) issued an update on its first quarter 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.020-$0.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.030. The company issued revenue guidance of $20.90 million-$21.30 million, compared to the consensus revenue estimate of $20.54 million.eGain also updated its FY 2022 guidance to $-0.030-$0.000 EPS.

EGAN stock remained flat at $$11.10 on Wednesday. The company had a trading volume of 101 shares, compared to its average volume of 238,885. eGain has a 1 year low of $8.50 and a 1 year high of $20.88. The stock’s 50-day simple moving average is $11.39 and its 200 day simple moving average is $10.64. The firm has a market capitalization of $346.79 million, a PE ratio of 52.86 and a beta of 0.35.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Tuesday, August 31st. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. eGain had a return on equity of 17.29% and a net margin of 8.89%. On average, equities analysts predict that eGain will post -0.07 earnings per share for the current year.

Separately, Zacks Investment Research cut eGain from a hold rating to a sell rating in a research report on Wednesday, September 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $13.33.

In related news, CFO Eric Smit sold 5,000 shares of eGain stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $10.79, for a total value of $53,950.00. Following the completion of the transaction, the chief financial officer now owns 132,187 shares in the company, valued at approximately $1,426,297.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Russell Christine sold 20,000 shares of eGain stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $11.54, for a total value of $230,800.00. The disclosure for this sale can be found here. Insiders own 34.40% of the company’s stock.

A number of large investors have recently bought and sold shares of EGAN. Millennium Management LLC purchased a new stake in eGain during the 2nd quarter worth approximately $116,000. Invesco Ltd. grew its position in shares of eGain by 10.0% in the second quarter. Invesco Ltd. now owns 20,457 shares of the technology company’s stock valued at $235,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of eGain by 26.0% in the second quarter. Wells Fargo & Company MN now owns 33,438 shares of the technology company’s stock valued at $384,000 after purchasing an additional 6,908 shares in the last quarter. Institutional investors own 52.09% of the company’s stock.

About eGain

eGain Corp. engages in the development, licensing, implementation, and support of customer service infrastructure software solutions. Its solutions include financial services, insurance, retail, travel and hospitality, ecommerce, helpdesks, and marketing. The company was founded by Ashutosh Roy and Gunjan Sinha in September 1997 and is headquartered in Sunnyvale, CA.

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Earnings History and Estimates for eGain (NASDAQ:EGAN)

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