Lightspeed Commerce Inc. (LSPD) stock outperformed and gained despite market dip

From Nasdaq: 2024-06-07 18:00:11

Lightspeed Commerce Inc. (LSPD) closed at $14.73, up 0.07% from the previous day, outperforming the S&P 500. Stock has climbed 9.52% in the last month, surpassing the sector’s gain. Expectations for upcoming earnings report are positive, with projected EPS of $0.07 and revenue of $258.34 million.

Analyst estimates for LSPD show positive revisions, signifying optimism. Zacks Rank system rates the stock as a #1 (Strong Buy) with impressive outperformance history. Valuation metrics show premium Forward P/E ratio of 51.05 and PEG ratio of 1.53. LSPD holds Zacks Rank of #1 (Strong Buy).

Technology Services industry, to which LSPD belongs, has a Zacks Industry Rank of 62, putting it in the top 25% of industries. The Zacks Rank system indicates strong performance for top-rated industries. Detailed metrics and more information can be found on Zacks.com.

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Read more at Nasdaq: Why the Market Dipped But Lightspeed Commerce Inc. (LSPD) Gained Today