LivePerson, Inc. (LPSN - Free Report) is a conversational commerce and AI software-backed global technology company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LPSN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that LivePerson could be a solid choice for investors.
Current Quarter Estimates for LPSN
In the past 30 days, eight estimates have gone higher for LivePerson while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 11 cents today, a move of 31.3%.
Current Year Estimates for LPSN
Meanwhile, LivePerson’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 55 cents per share 30 days ago to a loss of 46 cents per share today, an increase of 16.4%.
LivePerson, Inc. Price and Consensus
The stock has also started to move higher lately, adding 77.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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