Lightspeed Commerce Inc reports results for the quarter ended in September 30 - Earnings Summary

Lightspeed Commerce

07/11/2024 14:34

* Lightspeed Commerce Inc  LSPD.TO  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 11 cents
per share. Wall Street expected results to range from 7 cents
to 14 cents per share.
    * Revenue rose 20.4% to $277.18 million from a year ago;
analysts
expected $273.90 million. 
    * Lightspeed Commerce Inc's reported EPS for the quarter was
a
loss of 19 cents​.
    * The company reported a quarterly loss of $29.66 million.
    * Lightspeed Commerce Inc shares had fallen by 1.5% this
quarter and lost 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $19.98 
This summary was machine generated from LSEG data November 7 at
02:33 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
 Sep. 30 2024      0.11           0.13           Beat
 Jun. 30 2024      0.06           0.10           Beat
 Mar. 31 2024      0.05           0.06           Beat
 Dec. 31 2023      0.03           0.08           Beat