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Strength Seen in LivePerson (LPSN): Can Its 22.0% Jump Turn into More Strength?

Zacks Equity Research
·2-min read

LivePerson LPSN shares rallied 22% in the last trading session to close at $15.71. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 25.3% gain over the past four weeks.

The upswing in LivePerson shares reflect growing prospects driven by an expanding artificial intelligence-powered product portfolio.

This customer-service technology company is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of +134.2%. Revenues are expected to be $126.97 million, up 2.6% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

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For LivePerson, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LPSN going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

LivePerson is a member of the Zacks Internet - Services industry. One other stock in the same industry, Dropbox DBX, finished the last trading session 2.8% higher at $23.88. DBX has returned 2.4% over the past month.

Dropbox's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.39. Compared to the company's year-ago EPS, this represents a change of -4.9%. Dropbox currently boasts a Zacks Rank of #3 (Hold).

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LivePerson, Inc. (LPSN) : Free Stock Analysis Report

Dropbox, Inc. (DBX) : Free Stock Analysis Report

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Zacks Investment Research