While LiveXLive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? LiveXLive shares have added about 10.7% since the beginning of the year versus the S&P 500's gain of 18.4%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $10.51 million.

LiveXLive, which belongs to the Zacks Audio Video Production industry, posted revenues of $38.77 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 61.53%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.20, delivering a surprise of -66.67%. This quarterly report represents an earnings surprise of -20%. These figures are adjusted for non-recurring items. This compares to loss of $0.13 per share a year ago. LiveXLive came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.10.

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