eGain (NASDAQ:EGAN) Issues FY 2024 Earnings Guidance

eGain (NASDAQ:EGAN) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 Up 3.6 %

NASDAQ EGAN traded up $0.23 on Thursday, hitting $6.62. 122,036 shares of the stock were exchanged, compared to its average volume of 89,725. eGain has a fifty-two week low of $5.50 and a fifty-two week high of $8.52. The company has a 50-day moving average price of $6.28 and a 200-day moving average price of $6.91. The company has a market cap of $206.56 million, a PE ratio of 29.73 and a beta of 0.55.

eGain (NASDAQ:EGAN) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $23.82 million for the quarter, compared to analyst estimates of $23.53 million. eGain had a net margin of 7.33% and a return on equity of 11.01%. As a group, equities research analysts predict that eGain will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective on shares of eGain from $15.00 to $12.00 and set a buy rating for the company in a research note 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.