Lightspeed Commerce Inc. (LSPD) closed the most recent trading day at $9.94, moving +1.84% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.86%. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.96%.
The stock of company has fallen by 10.95% in the past month, lagging the Computer and Technology sector's loss of 0.56% and the S&P 500's loss of 1.96%.
The upcoming earnings release of Lightspeed Commerce Inc. will be of great interest to investors. In that report, analysts expect Lightspeed Commerce Inc. to post earnings of $0.15 per share. This would mark a year-over-year decline of 6.25%. Meanwhile, the latest consensus estimate predicts the revenue to be $320.13 million, indicating a 0.37% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.56 per share and revenue of $1.27 billion, indicating changes of +27.27% and +3.28%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Lightspeed Commerce Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Lightspeed Commerce Inc. boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Lightspeed Commerce Inc. is at present trading with a Forward P/E ratio of 17.35. This represents a discount compared to its industry average Forward P/E of 19.87.
It is also worth noting that LSPD currently has a PEG ratio of 0.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.07.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 85, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Lightspeed Commerce Inc. (LSPD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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