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Why Lightspeed Commerce Inc. (LSPD) Outpaced the Stock Market Today
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In the latest close session, Lightspeed Commerce Inc. (LSPD - Free Report) was up +1.45% at $9.82. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
Shares of the company have depreciated by 8.42% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.15, signifying a 6.25% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $321.44 million, showing a 0.78% escalation compared to the year-ago quarter.
LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.57 per share and revenue of $1.27 billion. These results would represent year-over-year changes of +29.55% and +3.16%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Lightspeed Commerce Inc. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.52% higher. Lightspeed Commerce Inc. is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, Lightspeed Commerce Inc. is holding a Forward P/E ratio of 17.06. This represents a discount compared to its industry average Forward P/E of 19.59.
It's also important to note that LSPD currently trades at a PEG ratio of 0.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. LSPD's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Why Lightspeed Commerce Inc. (LSPD) Outpaced the Stock Market Today
In the latest close session, Lightspeed Commerce Inc. (LSPD - Free Report) was up +1.45% at $9.82. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
Shares of the company have depreciated by 8.42% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.15, signifying a 6.25% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $321.44 million, showing a 0.78% escalation compared to the year-ago quarter.
LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.57 per share and revenue of $1.27 billion. These results would represent year-over-year changes of +29.55% and +3.16%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Lightspeed Commerce Inc. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.52% higher. Lightspeed Commerce Inc. is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, Lightspeed Commerce Inc. is holding a Forward P/E ratio of 17.06. This represents a discount compared to its industry average Forward P/E of 19.59.
It's also important to note that LSPD currently trades at a PEG ratio of 0.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. LSPD's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.