Lightspeed Commerce Inc. (LSPD) Q1 Earnings and Revenues Beat Estimates

Core Insights - Lightspeed Commerce Inc. (LSPD) reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, and compared to a loss of $0.01 per share a year ago, indicating a significant earnings surprise of 66.67% [1] - The company achieved revenues of $266.09 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3% and showing an increase from $209.09 million year-over-year [2] - Lightspeed POS shares have underperformed, losing approximately 36.2% since the beginning of the year, while the S&P 500 has gained 15.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $272.56 million, and for the current fiscal year, it is $0.32 on revenues of $1.1 billion [7] - The estimate revisions trend for Lightspeed POS is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Lightspeed POS belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]