LiveVox Holdings, Inc. (NASDAQ:LVOX) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
One of the biggest stories of last week was how LiveVox Holdings, Inc. (NASDAQ:LVOX) shares plunged 21% in the week since its latest first-quarter results, closing yesterday at US$2.48. Revenues came in at US$32m, in line with forecasts and the company reported a statutory loss of US$0.14 per share, roughly in line with expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
See our latest analysis for LiveVox Holdings
Taking into account the latest results, the current consensus from LiveVox Holdings' six analysts is for revenues of US$140.7m in 2022, which would reflect a decent 18% increase on its sales over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 59% to US$0.47. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$140.7m and losses of US$0.47 per share in 2022.
As a result there was no major change to the consensus price target of US$6.33, implying that the business is trading roughly in line with expectations despite ongoing losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values LiveVox Holdings at US$9.00 per share, while the most bearish prices it at US$4.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the LiveVox Holdings' past performance and to peers in the same industry. The analysts are definitely expecting LiveVox Holdings' growth to accelerate, with the forecast 25% annualised growth to the end of 2022 ranking favourably alongside historical growth of 16% per annum over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect LiveVox Holdings to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$6.33, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for LiveVox Holdings going out to 2024, and you can see them free on our platform here.
It is also worth noting that we have found 3 warning signs for LiveVox Holdings that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
