eGain (NASDAQ:EGAN) Issues FY 2024 Earnings Guidance

eGain (NASDAQ:EGAN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.320-0.340 for the period, compared to the consensus earnings per share 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.

eGain Stock Performance

NASDAQ EGAN opened at $6.62 on Friday. The stock has a 50-day moving average of $6.29 and a 200 day moving average of $6.90. eGain has a one year low of $5.50 and a one year high of $8.52. The company has a market capitalization of $206.56 million, a price-to-earnings ratio of 30.09 and a beta of 0.55.

eGain (NASDAQ:EGAN) last posted its 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 business had revenue of $23.82 million during the quarter, compared to the consensus estimate of $23.53 million. eGain had a net margin of 7.33% and a return on equity of 11.01%. On average, equities analysts predict that eGain will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered 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.

eGain Company Profile

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.