eGain Q3 2024 Adj EPS $0.08 Beats $0.07 Estimate, Sales $22.350M Miss $22.806M Estimate
Portfolio Pulse from Benzinga Newsdesk
eGain (NASDAQ:EGAN) reported Q3 2024 adjusted EPS of $0.08, surpassing the $0.07 estimate, marking a 166.67% increase from last year. However, sales of $22.350M fell short of the $22.806M estimate, a 2.88% decrease from the previous year.

May 09, 2024 | 9:23 pm
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NEUTRAL IMPACT
eGain's Q3 2024 earnings beat estimates with an adjusted EPS of $0.08, a significant increase from last year, but sales missed estimates, showing a slight decrease from the previous year.
The positive earnings beat may provide a short-term uplift to EGAN's stock price due to the significant year-over-year EPS growth. However, the miss on sales forecasts and the slight decrease in sales from the previous year could temper investor enthusiasm, leading to a neutral short-term impact. The mixed results highlight the company's ability to increase profitability while facing challenges in growing sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100