Lightspeed Commerce Inc. (LSPD) ended the recent trading session at $8.72, demonstrating a -1.69% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 2.51%. Meanwhile, the Dow experienced a rise of 2.85%, and the technology-dominated Nasdaq saw an increase of 2.8%.
Coming into today, shares of the company had lost 5.84% in the past month. In that same time, the Computer and Technology sector lost 0.84%, while the S&P 500 lost 1.66%.
Investors will be eagerly watching for the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.09, marking a 10% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $281.62 million, reflecting a 11.13% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.47 per share and a revenue of $1.22 billion, representing changes of +4.44% and +13.14%, respectively, from the prior year.
Any recent changes to analyst estimates for Lightspeed Commerce Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Lightspeed Commerce Inc. presently features a Zacks Rank of #3 (Hold).
Investors should also note Lightspeed Commerce Inc.'s current valuation metrics, including its Forward P/E ratio of 13.86. This expresses a discount compared to the average Forward P/E of 19.14 of its industry.
Meanwhile, LSPD's PEG ratio is currently 0.71. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 1.06 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 140, placing it within the bottom 43% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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).