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eGain (EGAN) Soars 6.0%: Is Further Upside Left in the Stock?
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eGain (EGAN - Free Report) shares rallied 6% in the last trading session to close at $14.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 49.4% gain over the past four weeks.
eGain is benefiting from the growing demand for its AI Knowledge Hub, which provides a trusted knowledge infrastructure to enhance AI-powered solutions.
This maker of customer engagement software is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +175%. Revenues are expected to be $23.24 million, up 6.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For eGain, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EGAN going forward to see if this recent jump can turn into more strength down the road.
eGain belongs to the Zacks Internet - Software industry. Another stock from the same industry, TELUS Digital (TIXT - Free Report) , closed the last trading session 0.2% higher at $4.49. Over the past month, TIXT has returned %.
For TELUS, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. This represents a change of +80% from what the company reported a year ago. TELUS currently has a Zacks Rank of #3 (Hold).
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eGain (EGAN) Soars 6.0%: Is Further Upside Left in the Stock?
eGain (EGAN - Free Report) shares rallied 6% in the last trading session to close at $14.72. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 49.4% gain over the past four weeks.
eGain is benefiting from the growing demand for its AI Knowledge Hub, which provides a trusted knowledge infrastructure to enhance AI-powered solutions.
This maker of customer engagement software is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +175%. Revenues are expected to be $23.24 million, up 6.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For eGain, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on EGAN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
eGain belongs to the Zacks Internet - Software industry. Another stock from the same industry, TELUS Digital (TIXT - Free Report) , closed the last trading session 0.2% higher at $4.49. Over the past month, TIXT has returned %.
For TELUS, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. This represents a change of +80% from what the company reported a year ago. TELUS currently has a Zacks Rank of #3 (Hold).