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Lightspeed POS (LSPD) Soars 12.9%: Is Further Upside Left in the Stock?
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Lightspeed Commerce Inc. (LSPD - Free Report) shares soared 12.9% in the last trading session to close at $15.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.2% gain over the past four weeks.
The stock is benefiting from improvements in unified payments and the company’s focus on its flagship products and shift in its customer base towards higher gross transaction value locations.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +150%. Revenues are expected to be $274.03 million, up 19% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Lightspeed POS, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LSPD going forward to see if this recent jump can turn into more strength down the road.
Lightspeed POS belongs to the Zacks Technology Services industry. Another stock from the same industry, Confluent (CFLT - Free Report) , closed the last trading session 0.2% lower at $19.77. Over the past month, CFLT has returned -6%.
Confluent's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.05. Compared to the company's year-ago EPS, this represents a change of +150%. Confluent currently boasts a Zacks Rank of #3 (Hold).
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Lightspeed POS (LSPD) Soars 12.9%: Is Further Upside Left in the Stock?
Lightspeed Commerce Inc. (LSPD - Free Report) shares soared 12.9% in the last trading session to close at $15.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.2% gain over the past four weeks.
The stock is benefiting from improvements in unified payments and the company’s focus on its flagship products and shift in its customer base towards higher gross transaction value locations.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +150%. Revenues are expected to be $274.03 million, up 19% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Lightspeed POS, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LSPD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Lightspeed POS belongs to the Zacks Technology Services industry. Another stock from the same industry, Confluent (CFLT - Free Report) , closed the last trading session 0.2% lower at $19.77. Over the past month, CFLT has returned -6%.
Confluent's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.05. Compared to the company's year-ago EPS, this represents a change of +150%. Confluent currently boasts a Zacks Rank of #3 (Hold).