eGain (NASDAQ:EGAN) Issues FY 2024 Earnings Guidance

eGain (NASDAQ:EGAN) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.320-0.340 for the period, compared to the consensus EPS 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 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 research report on Friday, February 9th.

eGain Stock Performance

eGain stock traded up $0.23 during midday trading on Thursday, reaching $6.62. 122,036 shares of the company’s stock were exchanged, compared to its average volume of 89,725. eGain has a 52 week low of $5.50 and a 52 week high of $8.52. The firm has a market cap of $206.56 million, a price-to-earnings ratio of 30.09 and a beta of 0.55. The stock’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $6.90.

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. eGain had a return on equity of 11.01% and a net margin of 7.33%. The business had revenue of $23.82 million during the quarter, compared to analysts’ expectations of $23.53 million. Research analysts forecast that eGain will post 0.16 earnings per share 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.