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Here's Why Lightspeed Commerce Inc. (LSPD) Fell More Than Broader Market
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In the latest close session, Lightspeed Commerce Inc. (LSPD - Free Report) was down 2.92% at $9.32. The stock fell short of the S&P 500, which registered a loss of 1.22% for the day. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the company had gained 10.73% over the past month, outpacing the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be closely monitoring the performance of Lightspeed Commerce Inc. in its forthcoming earnings report. 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%. Meanwhile, the latest consensus estimate predicts the revenue to be $310.5 million, indicating a 1.82% increase compared to the same quarter of the previous year.
LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $1.25 billion. These results would represent year-over-year changes of +25% and +2.08%, respectively.
Investors might also notice recent changes to analyst estimates for Lightspeed Commerce Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 witnessed a 16.67% increase. As of now, Lightspeed Commerce Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Lightspeed Commerce Inc. is currently exchanging hands at a Forward P/E ratio of 17.38. Its industry sports an average Forward P/E of 18.64, so one might conclude that Lightspeed Commerce Inc. is trading at a discount comparatively.
It is also worth noting that LSPD currently has a PEG ratio of 0.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Here's Why Lightspeed Commerce Inc. (LSPD) Fell More Than Broader Market
In the latest close session, Lightspeed Commerce Inc. (LSPD - Free Report) was down 2.92% at $9.32. The stock fell short of the S&P 500, which registered a loss of 1.22% for the day. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the company had gained 10.73% over the past month, outpacing the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
The investment community will be closely monitoring the performance of Lightspeed Commerce Inc. in its forthcoming earnings report. 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%. Meanwhile, the latest consensus estimate predicts the revenue to be $310.5 million, indicating a 1.82% increase compared to the same quarter of the previous year.
LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $1.25 billion. These results would represent year-over-year changes of +25% and +2.08%, respectively.
Investors might also notice recent changes to analyst estimates for Lightspeed Commerce Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 witnessed a 16.67% increase. As of now, Lightspeed Commerce Inc. holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Lightspeed Commerce Inc. is currently exchanging hands at a Forward P/E ratio of 17.38. Its industry sports an average Forward P/E of 18.64, so one might conclude that Lightspeed Commerce Inc. is trading at a discount comparatively.
It is also worth noting that LSPD currently has a PEG ratio of 0.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Software stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.