LivePerson, Inc. (NASDAQ:LPSN) Expected to Announce Quarterly Sales of $118.15 Million

Wall Street brokerages expect that LivePerson, Inc. (NASDAQ:LPSN) will report sales of $118.15 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for LivePerson’s earnings, with the lowest sales estimate coming in at $117.90 million and the highest estimate coming in at $118.60 million. LivePerson posted sales of $94.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24.6%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that LivePerson will report full year sales of $468.15 million for the current year, with estimates ranging from $465.74 million to $471.10 million. For the next year, analysts forecast that the firm will report sales of $587.71 million, with estimates ranging from $569.20 million to $598.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings data on Tuesday, August 3rd. The technology company reported ($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.12. The business had revenue of $119.61 million for the quarter, compared to analysts’ expectations of $112.91 million. LivePerson had a negative net margin of 22.21% and a negative return on equity of 33.93%.

Several brokerages recently issued reports on LPSN. The Goldman Sachs Group began coverage on shares of LivePerson in a report on Thursday, July 1st. They issued a “neutral” rating and a $71.00 target price on the stock. TheStreet upgraded shares of LivePerson from a “d+” rating to a “c-” rating in a report on Wednesday, June 23rd. Barclays raised their target price on shares of LivePerson from $76.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, September 17th. They noted that the move was a valuation call. Needham & Company LLC dropped their target price on shares of LivePerson from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, August 4th. Finally, Jefferies Financial Group dropped their target price on shares of LivePerson from $65.00 to $60.00 in a report on Friday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $73.07.

Shares of NASDAQ:LPSN traded down $5.03 during trading on Friday, reaching $63.40. 717,908 shares of the stock traded hands, compared to its average volume of 674,433. The stock has a 50-day moving average of $63.97 and a two-hundred day moving average of $58.91. LivePerson has a 52-week low of $47.62 and a 52-week high of $72.23. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.58 and a current ratio of 3.58. The stock has a market cap of $4.42 billion, a P/E ratio of -45.29 and a beta of 1.14.

Hedge funds have recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in shares of LivePerson during the 2nd quarter valued at $42,000. Point72 Hong Kong Ltd bought a new stake in shares of LivePerson during the 1st quarter valued at $63,000. Alpha Paradigm Partners LLC purchased a new position in LivePerson during the second quarter valued at $93,000. O Shaughnessy Asset Management LLC purchased a new position in LivePerson during the first quarter valued at $162,000. Finally, Quantbot Technologies LP purchased a new position in LivePerson during the first quarter valued at $204,000. Hedge funds and other institutional investors own 99.33% of the company’s stock.

LivePerson Company Profile

LivePerson, Inc engages in the provision of mobile and online messaging solutions. It operates through the following segments: Business, Consumer, and Corporate. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies.

Recommended Story: What economic reports are most valuable to investors?

Get a free copy of the Zacks research report on LivePerson (LPSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LivePerson (NASDAQ:LPSN)

Receive News & Ratings for LivePerson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LivePerson and related companies with MarketBeat.com's FREE daily email newsletter.