eGain (NASDAQ:EGAN) Releases Q4 2022 Earnings Guidance

eGain (NASDAQ:EGAN – Get Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -$0.02-0 for the period, compared to the consensus estimate of -$0.04. The company issued revenue guidance of $23.10 million-$23.50 million, compared to the consensus revenue estimate of $23.79 million.

A number of brokerages have commented on EGAN. StockNews.com upgraded shares of eGain from a buy rating to a strong-buy rating in a report on Sunday. Zacks Investment Research upgraded shares of eGain from a sell rating to a hold rating in a report on Wednesday, April 6th.

Shares of NASDAQ:EGAN traded down $0.08 during trading on Monday, reaching $9.92. 452 shares of the company’s stock traded hands, compared to its average volume of 124,793. eGain has a 12 month low of $8.50 and a 12 month high of $13.70. The company has a 50 day moving average of $11.30 and a 200-day moving average of $10.88. The stock has a market capitalization of $312.42 million, a P/E ratio of 333.33 and a beta of 0.45.

eGain (NASDAQ:EGAN – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). eGain had a net margin of 1.31% and a return on equity of 2.35%. The business had revenue of $23.09 million for the quarter, compared to the consensus estimate of $21.92 million. During the same period in the prior year, the company earned $0.05 EPS. On average, research analysts anticipate that eGain will post -0.24 EPS for the current year.

In other news, Director Russell Christine sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $12.21, for a total value of $244,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 33.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of EGAN. Millennium Management LLC bought a new position in shares of eGain in the second quarter valued at approximately $116,000. Invesco Ltd. lifted its stake in eGain by 10.0% during 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 during the last quarter. Wells Fargo & Company MN lifted its stake in eGain by 26.0% during 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 during the last quarter. BNP Paribas Arbitrage SA lifted its stake in eGain by 462.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,212 shares of the technology company’s stock valued at $53,000 after purchasing an additional 4,285 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in eGain by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 178,740 shares of the technology company’s stock valued at $1,824,000 after purchasing an additional 3,908 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

eGain Company Profile (Get Rating)

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 unified cloud software solutions to automate, augment, and orchestrate customer engagement. It also offers subscription services that provides customers with access to its software on a cloud-based platform; and professional services, such as consulting, implementation, and training services.

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