Zacks: Analysts Expect LivePerson, Inc. (LPSN) to Post -$0.08 Earnings Per Share

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Wall Street analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.08) per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for LivePerson’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.01. LivePerson reported earnings of ($0.01) per share in the same quarter last year, which suggests a negative year over year growth rate of 700%. The business is expected to issue its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that LivePerson will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to $0.14. For the next financial year, analysts forecast that the firm will report earnings of $0.06 per share, with EPS estimates ranging from ($0.03) to $0.13. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for LivePerson.

LivePerson (NASDAQ:LPSN) last announced its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.02). LivePerson had a negative net margin of 10.02% and a negative return on equity of 5.56%. The company had revenue of $65.72 million during the quarter, compared to analysts’ expectations of $64.91 million.

LPSN has been the topic of a number of analyst reports. BidaskClub upgraded LivePerson from a “hold” rating to a “buy” rating in a report on Friday, December 28th. Summit Insights initiated coverage on LivePerson in a report on Friday, December 21st. They issued a “buy” rating and a $18.56 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of LivePerson in a report on Friday, February 22nd. B. Riley set a $32.00 price objective on LivePerson and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Benchmark reissued a “buy” rating and issued a $34.00 price objective (up previously from $30.00) on shares of LivePerson in a research report on Thursday, March 21st. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.39.

Several institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. boosted its position in shares of LivePerson by 5.0% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 13,894 shares of the technology company’s stock worth $262,000 after purchasing an additional 659 shares in the last quarter. State of Alaska Department of Revenue lifted its position in LivePerson by 5.1% during the 4th quarter. State of Alaska Department of Revenue now owns 19,508 shares of the technology company’s stock worth $367,000 after acquiring an additional 948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of LivePerson by 26.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,866 shares of the technology company’s stock valued at $92,000 after buying an additional 1,029 shares during the period. Comerica Bank lifted its holdings in shares of LivePerson by 2.0% in the 4th quarter. Comerica Bank now owns 56,725 shares of the technology company’s stock valued at $1,271,000 after buying an additional 1,099 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of LivePerson by 5.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 41,129 shares of the technology company’s stock valued at $776,000 after purchasing an additional 2,037 shares in the last quarter. 80.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:LPSN opened at $29.43 on Friday. LivePerson has a 12-month low of $15.65 and a 12-month high of $30.28. The firm has a market capitalization of $1.88 billion, a PE ratio of -127.96 and a beta of 1.19.

About LivePerson

LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.

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Earnings History and Estimates for LivePerson (NASDAQ:LPSN)

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