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What's in Store for LivePerson (LPSN) This Earnings Season?
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LivePerson (LPSN - Free Report) is scheduled to announce report second-quarter 2020 numbers on Aug 4.
LivePerson projects quarterly revenues to lie between $83 million and $85 million (mid-point $84 million). The Zacks Consensus Estimate for revenues is pegged at $84 million, suggesting year-over-year growth of 18.4%.
The Zacks Consensus Estimate for the bottom line is pegged at a loss per share of 11 cents. However, the consensus mark calls for an improvement from the loss of 20 cents reported in the year-ago quarter.
Notably, the company’s bottom-line results have missed estimates in three of the last four quarters and surpassed in the other, the average negative surprise being 83.4%.
Let’s see how things have shaped up for the upcoming announcement.
LivePerson’s second-quarter performance is expected to have benefited from the rising demand for remote working and team collaboration tools amid the pandemic-induced lockdown.
The growing adoption of the company’s cloud-based solutions and massive digitalization of work from organizations, big or small, is likely to have aided its quarterly performance. Increasing demand for the firm’s cloud products from new customers as well as the existing clients using on-premises products is anticipated to have been another tailwind.
Also, healthy demand for its LiveEngage product from contact center businesses is likely to have been a key growth driver. Improvement in product quality and performance, multiple product launches and increased pricing are likely to have boosted quarterly revenues.
What Our Model Says
Our proven model predicts an earnings beat for LivePerson this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
LivePerson currently carries a Zacks Rank of 3 and has an Earnings ESP of +23.81%.
Other Stocks With Favorable Combinations
Here are some other companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
Synaptics (SYNA - Free Report) has an Earnings ESP of +10.6 % and currently carries a Zacks Rank of 2.
Benefitfocus has an Earnings ESP of +6.25% and carries a Zacks Rank of 2, currently.
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What's in Store for LivePerson (LPSN) This Earnings Season?
LivePerson (LPSN - Free Report) is scheduled to announce report second-quarter 2020 numbers on Aug 4.
LivePerson projects quarterly revenues to lie between $83 million and $85 million (mid-point $84 million). The Zacks Consensus Estimate for revenues is pegged at $84 million, suggesting year-over-year growth of 18.4%.
The Zacks Consensus Estimate for the bottom line is pegged at a loss per share of 11 cents. However, the consensus mark calls for an improvement from the loss of 20 cents reported in the year-ago quarter.
Notably, the company’s bottom-line results have missed estimates in three of the last four quarters and surpassed in the other, the average negative surprise being 83.4%.
Let’s see how things have shaped up for the upcoming announcement.
LivePerson, Inc. Price and Consensus
LivePerson, Inc. price-consensus-chart | LivePerson, Inc. Quote
Key Factors
LivePerson’s second-quarter performance is expected to have benefited from the rising demand for remote working and team collaboration tools amid the pandemic-induced lockdown.
The growing adoption of the company’s cloud-based solutions and massive digitalization of work from organizations, big or small, is likely to have aided its quarterly performance. Increasing demand for the firm’s cloud products from new customers as well as the existing clients using on-premises products is anticipated to have been another tailwind.
Also, healthy demand for its LiveEngage product from contact center businesses is likely to have been a key growth driver. Improvement in product quality and performance, multiple product launches and increased pricing are likely to have boosted quarterly revenues.
What Our Model Says
Our proven model predicts an earnings beat for LivePerson this season. The combination of a positive Earnings ESP, and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
LivePerson currently carries a Zacks Rank of 3 and has an Earnings ESP of +23.81%.
Other Stocks With Favorable Combinations
Here are some other companies, which, per our model, have the right combination of elements to post an earnings beat this quarter:
Cogent Communications Holdings (CCOI - Free Report) has an Earnings ESP of +11.66% and carries a Zacks Rank of 2, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Synaptics (SYNA - Free Report) has an Earnings ESP of +10.6 % and currently carries a Zacks Rank of 2.
Benefitfocus has an Earnings ESP of +6.25% and carries a Zacks Rank of 2, currently.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>