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Lightspeed Commerce Inc. (LSPD) Stock Sinks As Market Gains: Here's Why
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Lightspeed Commerce Inc. (LSPD - Free Report) ended the recent trading session at $16.49, demonstrating a -1.61% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.42% for the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The company's stock has climbed by 30.12% in the past month, exceeding the Business Services sector's gain of 4.34% and the S&P 500's gain of 2.06%.
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 $0.10, signifying a 150% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $274.03 million, up 19.01% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.36 per share and a revenue of $1.1 billion, signifying shifts of +125% and +20.69%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lightspeed Commerce Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lightspeed Commerce Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Lightspeed Commerce Inc. has a Forward P/E ratio of 46.3 right now. This denotes a premium relative to the industry's average Forward P/E of 25.11.
It is also worth noting that LSPD currently has a PEG ratio of 1.39. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Technology Services industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LSPD in the coming trading sessions, be sure to utilize Zacks.com.
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Lightspeed Commerce Inc. (LSPD) Stock Sinks As Market Gains: Here's Why
Lightspeed Commerce Inc. (LSPD - Free Report) ended the recent trading session at $16.49, demonstrating a -1.61% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.42% for the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.38%.
The company's stock has climbed by 30.12% in the past month, exceeding the Business Services sector's gain of 4.34% and the S&P 500's gain of 2.06%.
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 $0.10, signifying a 150% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $274.03 million, up 19.01% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.36 per share and a revenue of $1.1 billion, signifying shifts of +125% and +20.69%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Lightspeed Commerce Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Lightspeed Commerce Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Lightspeed Commerce Inc. has a Forward P/E ratio of 46.3 right now. This denotes a premium relative to the industry's average Forward P/E of 25.11.
It is also worth noting that LSPD currently has a PEG ratio of 1.39. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Technology Services industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow LSPD in the coming trading sessions, be sure to utilize Zacks.com.