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

Lightspeed Commerce

02/11/2023 18:09

* Lightspeed Commerce Inc  LSPD.TO  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of -5 cents.  The mean expectation of
fourteen analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -4 cents to 3
cents per share.
    * Revenue rose 25.4% to $230.27 million from a year ago;
analysts
expected $213.86 million. 
    * Lightspeed Commerce Inc's reported EPS for the quarter was
a
loss of 28 cents​.
    * The company reported a quarterly loss of $42.49 million.
    * Lightspeed Commerce Inc shares had fallen by 9.3% this
quarter and lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75.3%
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 12 "strong buy" or "buy," 5
"hold" and 1 "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 $20.00 
This summary was machine generated from LSEG data November 2 at
06:09 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.00           0.04           Beat
 Jun. 30 2023      -0.04          -0.01          Beat
 Mar. 31 2023      -0.03          0.00           Beat
 Dec. 31 2022      -0.05          0.00           Beat