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Lightspeed Commerce Inc. (LSPD) Is a Trending Stock: Facts to Know Before Betting on It
LightspeedLightspeed(US:LSPD) zacks.comยท2024-05-22 14:00

Core Viewpoint - Lightspeed Commerce Inc. (LSPD) has shown strong stock performance recently, with an 8.1% return over the past month, outperforming the S&P 500 composite's 7.3% and the Zacks Technology Services industry's 13.4% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Lightspeed POS is projected at $0.05 per share, reflecting a significant increase of 600% year-over-year, with a recent change of 18.7% in the Zacks Consensus Estimate over the last 30 days [4] - For the current fiscal year, the consensus earnings estimate is $0.22, indicating a 37.5% increase from the previous year, with a 16.5% change in the last 30 days [4] - The next fiscal year's consensus earnings estimate is $0.34, showing a 52.7% increase year-over-year, with a 36% change over the past month [5] - The Zacks Rank for Lightspeed POS is 2 (Buy), indicating a positive outlook based on earnings estimate revisions [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $258.44 million, representing a year-over-year increase of 23.6% [9] - For the current fiscal year, the revenue estimate is $1.1 billion, indicating a 20.6% increase, while the next fiscal year's estimate is $1.34 billion, reflecting a 21.9% increase [9] Last Reported Results and Surprise History - In the last reported quarter, Lightspeed POS achieved revenues of $230.22 million, a 25% increase year-over-year, and an EPS of $0.06 compared to $0 a year ago [10] - The company exceeded the Zacks Consensus Estimate for revenues by 2.74% and had an EPS surprise of 20% [10] - Lightspeed POS has consistently beaten consensus EPS and revenue estimates over the last four quarters [11] Valuation - Lightspeed POS has a Zacks Value Style Score of D, indicating it is trading at a premium compared to its peers [15]