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%.
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.
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