Lightspeed Commerce Inc. (LSPD) outperforms the market with positive earnings forecasts.

From Nasdaq: 2024-07-12 18:15:19

In the latest market close, Lightspeed Commerce Inc. (LSPD) saw a 1.46% increase to $13.88, outperforming the S&P 500, Dow, and Nasdaq. Over the past month, LSPD shares have dipped by 7.88%, compared to the sector’s 0.56% gain and S&P 500’s 4.28% rise.

Investors anticipate Lightspeed Commerce Inc.’s upcoming earnings report on August 1, 2024. Forecasts predict an EPS of $0.07, an 800% increase year-over-year, with expected revenue of $258.34 million, up 23.55%. Full-year estimates project earnings of $0.29 per share and revenue of $1.1 billion, indicating an 81.25% and 20.51% change, respectively.

Analyst revisions indicate a positive outlook for Lightspeed Commerce Inc., with a Zacks Rank of #1 (Strong Buy). The stock is currently traded at a premium with a Forward P/E ratio of 47.44 and a PEG ratio of 1.42. The Technology Services industry ranks in the top 36% of all industries.

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Read more at Nasdaq: Lightspeed Commerce Inc. (LSPD) Laps the Stock Market: Here’s Why