Lightspeed Commerce Inc. (LSPD) closed the most recent trading day at $10.41, moving +1.76% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
Prior to today's trading, shares of the company had gained 4.18% lagged the Computer and Technology sector's gain of 6.08% and outpaced the S&P 500's gain of 1.15%.
The upcoming earnings release of Lightspeed Commerce Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.15, showcasing a 6.25% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $321.44 million, up 0.78% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.57 per share and revenue of $1.27 billion, indicating changes of +29.55% and +3.16%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Lightspeed Commerce Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 22.52% higher. Lightspeed Commerce Inc. is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Lightspeed Commerce Inc. is holding a Forward P/E ratio of 18.03. For comparison, its industry has an average Forward P/E of 20.39, which means Lightspeed Commerce Inc. is trading at a discount to the group.
Meanwhile, LSPD's PEG ratio is currently 0.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.19 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Lightspeed Commerce Inc. (LSPD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).