Lightspeed Commerce Inc. (LSPD) stock rises, expected positive earnings report, strong revenue growth forecast.

From Nasdaq: 2024-07-19 18:15:20

Lightspeed Commerce Inc. (LSPD) closed at $13.55, up 0.37% from the previous day, surpassing the S&P 500’s 0.71% loss. With a 1.28% increase in shares over a month, ahead of the sector’s 3.02% loss, a positive EPS of $0.07 is expected in the upcoming earnings report on August 1, 2024, indicating an 800% rise from last year.

Analyst forecasts anticipate a 23.55% increase in revenue to $258.34 million for Lightspeed Commerce Inc. A Zacks Rank of #3 (Hold) reflects steady estimates, with a Forward P/E ratio of 42.72 above the industry average. The Technology Services industry ranks at 92, in the top 37%, implying strong growth potential.

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