Lightspeed Commerce Inc. (LSPD) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Lightspeed Commerce Inc. (LSPD) closed at $9.56, marking a -1.04% move from the previous day. This move lagged the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.14%, while the tech-heavy Nasdaq depreciated by 0.46%. The stock of company has risen by 9.03% in the past month, leading the Computer and Technology sector's loss of 2.57% and the S&P 500's loss of 1.4%.The investment community will be closely monitoring the performance of Lightspeed Commerce Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.11, up 83.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $310.5 million, up 1.82% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of $0.55 per share and a revenue of $1.25 billion, demonstrating changes of +25% and +2.08%, respectively, from the preceding year. Investors might also notice recent changes to analyst estimates for Lightspeed Commerce Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. 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 past month, there's been a 3.19% fall in the Zacks Consensus EPS estimate. As of now, Lightspeed Commerce Inc. holds a Zacks Rank of #3 (Hold). In terms of valuation, Lightspeed Commerce Inc. is presently being traded at a Forward P/E ratio of 17.48. This denotes a discount relative to the industry average Forward P/E of 18.07. One should further note that LSPD currently holds a PEG ratio of 1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Internet - Software industry stood at 1.01 at the close of the market yesterday. The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks