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

Lightspeed Commerce

01/08/2024 14:53

* Lightspeed Commerce Inc  LSPD.TO  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 6 cents
per share. Wall Street expected results to range from 2 cents
to 11 cents per share.
    * Revenue rose 27.3% to $266.09 million from a year ago;
analysts
expected $259.30 million. 
    * Lightspeed Commerce Inc's reported EPS for the quarter was
a
loss of 23 cents​.
    * The company reported a quarterly loss of $35.01 million.
    * Lightspeed Commerce Inc shares had fallen by 1.1% this
quarter and lost 33.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 48% 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 9 "strong buy" or "buy," 6
"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 $19.96 
This summary was machine generated from LSEG data August 1 at
01:53 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
 Jun. 30 2024      0.06           0.10           Beat
 Dec. 31 2023      0.05           0.06           Beat
 Dec. 31 2023      0.03                          
 Sep. 30 2023      0.00