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

Lightspeed Commerce

16/05/2024 14:31

* Lightspeed Commerce Inc  LSPD.TO  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in March,
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 5 cents
per share. Wall Street expected results to range from zero cents
to 8 cents per share.
    * Revenue rose 25% to $230.22 million from a year ago;
analysts
expected $224.34 million. 
    * Lightspeed Commerce Inc's reported EPS for the quarter was
a
loss of 21 cents​.
    * The company reported a quarterly loss of $32.54 million.
    * Lightspeed Commerce Inc shares had fallen by 8.8% this
quarter and lost 37.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"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 $19.00 
This summary was machine generated from LSEG data May 16 at
01:30 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
 Mar. 31 2024      0.05           0.06           Beat
 Dec. 31 2023      0.03           0.08           Beat
 Sep. 30 2023      0.00           0.04           Beat
 Jun. 30 2023      -0.04          -0.01          Beat