Zacks: Analysts Anticipate LivePerson, Inc. (NASDAQ:LPSN) Will Announce Earnings of -$0.09 Per Share

Wall Street analysts expect that LivePerson, Inc. (NASDAQ:LPSN) will report earnings of ($0.09) per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for LivePerson’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.12). LivePerson reported earnings per share of $0.01 in the same quarter last year, which suggests a negative year-over-year growth rate of 1,000%. The company is expected to report its next earnings report on Thursday, February 20th.

According to Zacks, analysts expect that LivePerson will report full-year earnings of ($0.59) per share for the current year, with EPS estimates ranging from ($0.65) to ($0.50). For the next financial year, analysts expect that the company will post earnings of ($0.32) per share, with EPS estimates ranging from ($0.48) to ($0.21). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow LivePerson.

LivePerson (NASDAQ:LPSN) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.02). The firm had revenue of $75.18 million during the quarter, compared to analysts’ expectations of $74.69 million. LivePerson had a negative net margin of 27.03% and a negative return on equity of 33.89%. LivePerson’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.

Several research analysts recently commented on LPSN shares. JPMorgan Chase & Co. started coverage on LivePerson in a research note on Wednesday, November 27th. They set a “neutral” rating and a $40.00 target price for the company. Jefferies Financial Group boosted their target price on LivePerson to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Needham & Company LLC upped their target price on LivePerson from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Benchmark upped their target price on LivePerson from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Zacks Investment Research cut LivePerson from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.54.

In other LivePerson news, SVP Daryl Carlough sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $38.49, for a total transaction of $384,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monica L. Greenberg sold 2,284 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 ninety days, insiders have sold 12,390 shares of company stock valued at $474,140. 9.70% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its stake in shares of LivePerson by 1.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the technology company’s stock worth $803,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in LivePerson by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,995 shares of the technology company’s stock worth $645,000 after purchasing an additional 400 shares during the period. Envestnet Asset Management Inc. raised its holdings in LivePerson by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 10,431 shares of the technology company’s stock worth $372,000 after purchasing an additional 408 shares during the period. New York State Teachers Retirement System raised its holdings in LivePerson by 0.4% in the second quarter. New York State Teachers Retirement System now owns 139,026 shares of the technology company’s stock worth $3,898,000 after purchasing an additional 500 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of LivePerson by 1.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 54,445 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 630 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

Shares of LPSN stock traded up $0.26 on Wednesday, hitting $37.99. The stock had a trading volume of 894,161 shares, compared to its average volume of 676,798. LivePerson has a 1 year low of $17.16 and a 1 year high of $42.85. The firm has a market capitalization of $2.63 billion, a P/E ratio of -165.17 and a beta of 1.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.19 and a quick ratio of 2.19. The company’s 50 day moving average price is $38.71 and its 200-day moving average price is $34.64.

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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