We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
EGain (EGAN) Stock Moves -0.97%: What You Should Know
Read MoreHide Full Article
eGain (EGAN - Free Report) closed the most recent trading day at $9.18, moving -0.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.17%. Elsewhere, the Dow lost 1.02%, while the tech-heavy Nasdaq lost 2.45%.
Coming into today, shares of the maker of customer engagement software had gained 11.42% in the past month. In that same time, the Computer and Technology sector lost 8.27%, while the S&P 500 lost 5.25%.
Investors will be hoping for strength from eGain as it approaches its next earnings release. On that day, eGain is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 70%. Our most recent consensus estimate is calling for quarterly revenue of $25.22 million, up 9.24% from the year-ago period.
EGAN's full-year Zacks Consensus Estimates are calling for earnings of $0.19 per share and revenue of $101.97 million. These results would represent year-over-year changes of -29.63% and +10.89%, respectively.
It is also important to note the recent changes to analyst estimates for eGain. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.5% higher. eGain is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, eGain is currently trading at a Forward P/E ratio of 48.79. This valuation marks a premium compared to its industry's average Forward P/E of 41.93.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
EGain (EGAN) Stock Moves -0.97%: What You Should Know
eGain (EGAN - Free Report) closed the most recent trading day at $9.18, moving -0.97% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.17%. Elsewhere, the Dow lost 1.02%, while the tech-heavy Nasdaq lost 2.45%.
Coming into today, shares of the maker of customer engagement software had gained 11.42% in the past month. In that same time, the Computer and Technology sector lost 8.27%, while the S&P 500 lost 5.25%.
Investors will be hoping for strength from eGain as it approaches its next earnings release. On that day, eGain is projected to report earnings of $0.03 per share, which would represent a year-over-year decline of 70%. Our most recent consensus estimate is calling for quarterly revenue of $25.22 million, up 9.24% from the year-ago period.
EGAN's full-year Zacks Consensus Estimates are calling for earnings of $0.19 per share and revenue of $101.97 million. These results would represent year-over-year changes of -29.63% and +10.89%, respectively.
It is also important to note the recent changes to analyst estimates for eGain. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.5% higher. eGain is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, eGain is currently trading at a Forward P/E ratio of 48.79. This valuation marks a premium compared to its industry's average Forward P/E of 41.93.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.