eGain Sees Q3 2024 Adj. EPS $0.05-$0.07 Vs $0.09 Est.; Revenue $22.6M-$23.0M Vs $24.291M
Portfolio Pulse from Benzinga Newsdesk
eGain has provided its Q3 2024 earnings guidance, projecting adjusted EPS to be between $0.05 and $0.07, which is below the estimated $0.09. The company also forecasts revenue to be in the range of $22.6M to $23.0M, which is less than the expected $24.291M.
February 08, 2024 | 9:50 pm
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NEGATIVE IMPACT
eGain projects lower-than-expected Q3 2024 earnings and revenue, with adjusted EPS between $0.05 and $0.07 and revenue between $22.6M and $23.0M.
eGain's guidance for both adjusted EPS and revenue for Q3 2024 falls below analyst estimates, which could lead to negative investor sentiment and a potential short-term decrease in stock price. The significant deviation from expected figures highlights potential challenges in the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100