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Lightspeed Commerce Inc. (LSPD) Laps the Stock Market: Here's Why
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Lightspeed Commerce Inc. (LSPD - Free Report) closed the most recent trading day at $13.30, moving +1.99% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.
The company's stock has dropped by 5.16% in the past month, falling short of the Business Services sector's loss of 2.82% and the S&P 500's loss of 1.16%.
The investment community will be paying close attention to the earnings performance of Lightspeed Commerce Inc. in its upcoming release. The company is slated to reveal its earnings on August 1, 2024. The company's earnings per share (EPS) are projected to be $0.06, reflecting a 700% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $258.34 million, reflecting a 23.55% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.32 per share and a revenue of $1.1 billion, demonstrating changes of +100% and +20.51%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lightspeed Commerce Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Lightspeed Commerce Inc. boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Lightspeed Commerce Inc. is currently exchanging hands at a Forward P/E ratio of 41.27. This denotes a premium relative to the industry's average Forward P/E of 23.04.
Also, we should mention that LSPD has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LSPD's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 87, placing it within the top 35% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Lightspeed Commerce Inc. (LSPD) Laps the Stock Market: Here's Why
Lightspeed Commerce Inc. (LSPD - Free Report) closed the most recent trading day at $13.30, moving +1.99% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.64%, and the technology-dominated Nasdaq saw an increase of 1.03%.
The company's stock has dropped by 5.16% in the past month, falling short of the Business Services sector's loss of 2.82% and the S&P 500's loss of 1.16%.
The investment community will be paying close attention to the earnings performance of Lightspeed Commerce Inc. in its upcoming release. The company is slated to reveal its earnings on August 1, 2024. The company's earnings per share (EPS) are projected to be $0.06, reflecting a 700% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $258.34 million, reflecting a 23.55% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.32 per share and a revenue of $1.1 billion, demonstrating changes of +100% and +20.51%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lightspeed Commerce Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Lightspeed Commerce Inc. boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Lightspeed Commerce Inc. is currently exchanging hands at a Forward P/E ratio of 41.27. This denotes a premium relative to the industry's average Forward P/E of 23.04.
Also, we should mention that LSPD has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LSPD's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 87, placing it within the top 35% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.