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Lightspeed Commerce Inc. (LSPD) Advances While Market Declines: Some Information for Investors
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Lightspeed Commerce Inc. (LSPD - Free Report) closed at $10.80 in the latest trading session, marking a +2.96% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
The company's shares have seen an increase of 8.37% over the last month, surpassing the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Lightspeed Commerce Inc. in its upcoming release. The company is forecasted to report an EPS of $0.11, showcasing a 83.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $310.5 million, up 1.82% from the year-ago period.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lightspeed Commerce Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Lightspeed Commerce Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Lightspeed Commerce Inc. is presently trading at a Forward P/E ratio of 18.99. This signifies a discount in comparison to the average Forward P/E of 19.05 for its industry.
Meanwhile, LSPD's PEG ratio is currently 1.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LSPD's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Lightspeed Commerce Inc. (LSPD) Advances While Market Declines: Some Information for Investors
Lightspeed Commerce Inc. (LSPD - Free Report) closed at $10.80 in the latest trading session, marking a +2.96% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
The company's shares have seen an increase of 8.37% over the last month, surpassing the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of Lightspeed Commerce Inc. in its upcoming release. The company is forecasted to report an EPS of $0.11, showcasing a 83.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $310.5 million, up 1.82% from the year-ago period.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lightspeed Commerce Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Lightspeed Commerce Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Lightspeed Commerce Inc. is presently trading at a Forward P/E ratio of 18.99. This signifies a discount in comparison to the average Forward P/E of 19.05 for its industry.
Meanwhile, LSPD's PEG ratio is currently 1.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. LSPD's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.