Zacks: Brokerages Expect LivePerson, Inc. (NASDAQ:LPSN) Will Announce Earnings of -$0.07 Per Share

Wall Street brokerages predict that LivePerson, Inc. (NASDAQ:LPSN) will announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for LivePerson’s earnings, with estimates ranging from ($0.10) to ($0.05). LivePerson reported earnings per share of $0.02 during the same quarter last year, which would suggest a negative year over year growth rate of 450%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that LivePerson will report full year earnings of ($0.32) per share for the current financial year, with EPS estimates ranging from ($0.38) to ($0.28). For the next financial year, analysts forecast that the business will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.18) to $0.12. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.11). LivePerson had a negative net margin of 21.09% and a negative return on equity of 22.65%. The company had revenue of $71.00 million for the quarter, compared to analysts’ expectations of $70.16 million. During the same period last year, the business earned $0.01 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of LivePerson to $45.00 and gave the company a “buy” rating in a report on Friday, August 9th. Needham & Company LLC increased their price objective on shares of LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, September 20th. Zacks Investment Research raised shares of LivePerson from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays increased their price objective on shares of LivePerson from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, ValuEngine lowered shares of LivePerson from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.04.

LPSN traded down $3.70 during trading on Friday, reaching $36.54. 1,206,276 shares of the company traded hands, compared to its average volume of 484,202. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.41 and a current ratio of 2.41. LivePerson has a 12-month low of $16.98 and a 12-month high of $41.00. The firm has a fifty day simple moving average of $37.77 and a 200 day simple moving average of $32.43. The company has a market cap of $2.64 billion, a P/E ratio of -158.87 and a beta of 1.03.

In related news, Director Kevin Lavan sold 15,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.40, for a total value of $486,000.00. Following the completion of the sale, the director now directly owns 21,000 shares in the company, valued at $680,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Monica L. Greenberg sold 2,284 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $37.19, for a total value of $84,941.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,390 shares of company stock valued at $574,423. 9.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of LPSN. Ladenburg Thalmann Financial Services Inc. lifted its position in LivePerson by 269.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,048 shares of the technology company’s stock worth $29,000 after buying an additional 764 shares during the last quarter. US Bancorp DE lifted its position in LivePerson by 111.2% in the second quarter. US Bancorp DE now owns 2,203 shares of the technology company’s stock worth $62,000 after buying an additional 1,160 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in LivePerson in the second quarter worth $101,000. NEXT Financial Group Inc bought a new stake in LivePerson in the third quarter worth $199,000. Finally, V Wealth Advisors LLC bought a new stake in LivePerson in the second quarter worth $213,000. Institutional investors own 87.79% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc provides conversational commerce solutions. The company operates in two segments, Business and Consumer. The Business segment enables brands to leverage LiveEngage's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

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Earnings History and Estimates for LivePerson (NASDAQ:LPSN)

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