Published on 2 Mar 2024 on Simply Wall St. via Yahoo Finance
Analysts Just Made A Major Revision To Their LivePerson, Inc. (NASDAQ:LPSN) Revenue Forecasts
The latest analyst coverage could presage a bad day for LivePerson, Inc. (NASDAQ:LPSN), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. This report focused on revenue estimates, and it looks as though the consensus view of the business has become substantially more conservative.
After the downgrade, the consensus from LivePerson's nine analysts is for revenues of US$318m in 2024, which would reflect a painful 21% decline in sales compared to the last year of performance. Losses are predicted to fall substantially, shrinking 30% to US$0.87 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$402m and losses of US$0.92 per share in 2024. We can see there's definitely been a change in sentiment in this update, with the analysts administering a meaningful downgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Check out our latest analysis for LivePerson