Lightspeed Commerce Inc reports results for the quarter ended in December - Earnings Summary

Lightspeed Commerce

08/02/2024 14:31

* Lightspeed Commerce Inc  LSPD.TO  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The mean
expectation of fourteen analysts for the quarter was
for earnings of 3 cents per share. Wall Street expected
results to range from -5 cents to 9 cents per share.
    * Revenue rose 27% to $239.70 million from a year ago;
analysts
expected $235.66 million. 
    * Lightspeed Commerce Inc's reported EPS for the quarter was
a
loss of 26 cents​.
    * The company reported a quarterly loss of $40.23 million.
    * Lightspeed Commerce Inc shares had fallen by 5.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Lightspeed
Commerce Inc is $21.00 
This summary was machine generated from LSEG data February 8 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.03           0.08           Beat
 Sep. 30 2023      0.00           0.04           Beat
 Jun. 30 2023      -0.04          -0.01          Beat
 Mar. 31 2023      -0.03          0.00           Beat