Lightspeed Commerce Inc. (LSPD) closed the most recent trading day at $10.12, moving -4.44% from the previous trading session. This move lagged the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
The company's shares have seen an increase of 10.89% over the last month, surpassing the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.
The investment community will be paying close attention to the earnings performance of Lightspeed Commerce Inc. in its upcoming release. In that report, analysts expect Lightspeed Commerce Inc. to post earnings of $0.11 per share. This would mark year-over-year growth of 83.33%. At the same time, our most recent consensus estimate is projecting a revenue of $310.5 million, reflecting a 1.82% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.55 per share and a revenue of $1.25 billion, demonstrating changes of +25% and +2.08%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Lightspeed Commerce Inc. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Lightspeed Commerce Inc. is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Lightspeed Commerce Inc. is presently trading at a Forward P/E ratio of 19.17. For comparison, its industry has an average Forward P/E of 19.93, which means Lightspeed Commerce Inc. is trading at a discount to the group.
Investors should also note that LSPD has a PEG ratio of 1.1 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. LSPD's industry had an average PEG ratio of 1.1 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Lightspeed Commerce Inc. (LSPD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).