BALTIMORE, Apr. 28, 2015 /PRNewswire/ -- Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, announced today that it has released a new article on LiveDeal, Inc. (NASDAQ – LIVE). The article discusses how the strong results recently announced by peers Amazon and eBay suggest that LiveDeal's results for 1Q15 are primed to be strong as well. To view the sponsored research article, previous LIVE reports and updates, along with disclosures and disclaimers, or to download them in their entirety, please visit www.GoldmanResearch.com.
In the article, analyst Rob Goldman provides details on the 2015 sales outlook for LiveDeal.
"LiveDeal's ecommerce peers Amazon and eBay recently reported better than expected results for the most recently completed quarter which suggests that the Company is also primed for strong results for the first quarter of 2015. Although revenue was a bit light for eBay with growth of around 4%, its profit soundly beat Wall Street estimates and the Company boosted its future outlook as well. For its part, Amazon reported a 22% rise in sales for the period, excluding the negative effect of foreign currency. According to Alexa, the Company's Modern Everyday ecommerce website enjoys a 2:1 advantage in page views and a similar outperformance in terms of time on the site over these peers. Armed with these metrics and the eBay and Amazon results, investors can expect that year-over-year and quarterly sequential sales should be strong and could meet or exceed the type of top-line growth exhibited by Amazon."
Goldman also noted, "Separately, a new industry research report forecasts that online retailers should increase revenue by double digits in 2015. This sentiment affirms the expectation that 2015 should be a record revenue year for LiveDeal. The key takeaway from the survey is that fully 75% of respondents noted a positive outlook on retail in 2015 and 72% anticipate online revenue to increase by 17%. This recently released report, the 2015 Retail Growth Outlook, is a publication of eBay Enterprise, an eBay Inc. company. The authors of the report surveyed more than 1,000 ecommerce and marketing professionals from retailers with revenues of $3 million to $250 million examined projected revenue forecasts and critical decisions retailers will make this year to achieve anticipated growth."
"With strong numbers already in for major online retailers and a new report suggesting continued online retailer growth this year, it appears to be full speed ahead for LiveDeal's ecommerce business in 2015."
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored research article on LiveDeal, Inc. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from LiveDeal, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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About LiveDeal, Inc.: LiveDeal Inc. (NASDAQ – LIVE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. LiveDeal operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online presence under the Company's Velocity Local™ brand. LiveDeal continues to actively develop, revise, and evaluate these products and services and its marketing strategies and procedures. More information on LIVE can be found at www.LiveDeal.com.
Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE Goldman Small Cap Research