eGain (EGAN - Free Report) closed the most recent trading day at $10.38, moving -0.1% from the previous trading session. This move lagged the S&P 500's daily of 0%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the maker of customer engagement software had lost 16.61% over the past month, lagging the Computer and Technology sector's gain of 7.39% and the S&P 500's gain of 5.49% in that time.
EGAN will be looking to display strength as it nears its next earnings release. On that day, EGAN is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $16.92 million, up 7.43% from the prior-year quarter.
EGAN's full-year Zacks Consensus Estimates are calling for earnings of $0.19 per share and revenue of $67.71 million. These results would represent year-over-year changes of +216.67% and +10.44%, respectively.
Investors should also note any recent changes to analyst estimates for EGAN. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. EGAN currently has a Zacks Rank of #3 (Hold).
Digging into valuation, EGAN currently has a Forward P/E ratio of 54.68. Its industry sports an average Forward P/E of 54.68, so we one might conclude that EGAN is trading at a no noticeable deviation comparatively.
Meanwhile, EGAN's PEG ratio is currently 1.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 3.19 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.