LivePerson (LPSN) Reports Q2 Loss, Tops Revenue Estimates

Core Viewpoint - LivePerson reported a significant quarterly loss of $0.69 per share, which was much worse than the Zacks Consensus Estimate of a loss of $0.07, marking an earnings surprise of -885.71% [1] Financial Performance - The company posted revenues of $79.88 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 2.91%, but down from $97.52 million in the same quarter last year [2] - Over the last four quarters, LivePerson has surpassed consensus revenue estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.03 on revenues of $73.08 million, and for the current fiscal year, it is -$0.20 on revenues of $308.98 million [7] Stock Performance - LivePerson shares have declined approximately 66.1% since the beginning of the year, contrasting with the S&P 500's gain of 14% [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Internet - Services industry, to which LivePerson belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact LivePerson's stock performance [5]