Lightspeed Commerce Inc. (LSPD) closed at $9.48 in the latest trading session, marking a -1.76% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.14%. Elsewhere, the Dow saw an upswing of 0.61%, while the tech-heavy Nasdaq appreciated by 1.69%.
Prior to today's trading, shares of the company had lost 7.3% lagged the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.15, indicating a 6.25% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $320.13 million, indicating a 0.37% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.57 per share and a revenue of $1.27 billion, demonstrating changes of +29.55% and +3.28%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Lightspeed Commerce Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Lightspeed Commerce Inc. possesses a Zacks Rank of #4 (Sell).
Looking at its valuation, Lightspeed Commerce Inc. is holding a Forward P/E ratio of 17.48. Its industry sports an average Forward P/E of 20.36, so one might conclude that Lightspeed Commerce Inc. is trading at a discount comparatively.
One should further note that LSPD currently holds a PEG ratio of 0.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 87, positioning it in the top 36% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Lightspeed Commerce Inc. (LSPD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).