In the latest close session, Lightspeed Commerce Inc. (LSPD) was up +1.24% at $12.26. The stock outpaced the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
The company's stock has dropped by 3.12% in the past month, falling short of the Computer and Technology sector's loss of 0.69% and the S&P 500's gain of 0.86%.
Investors will be eagerly watching for the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.13, showcasing a 8.33% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $311.7 million, indicating a 11.27% increase compared to the same quarter of the previous year.
LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.45 per share and revenue of $1.22 billion. These results would represent year-over-year changes of 0% and +13.25%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lightspeed Commerce Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Lightspeed Commerce Inc. holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Lightspeed Commerce Inc. is holding a Forward P/E ratio of 27.06. This indicates a premium in contrast to its industry's Forward P/E of 25.1.
Investors should also note that LSPD has a PEG ratio of 1.46 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 1.61 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 55, putting it in the top 23% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Lightspeed Commerce Inc. (LSPD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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