Lightspeed Commerce Inc. (LSPD) Stock Falls Amid Market Uptick: What Investors Need to Know

In the latest close session, Lightspeed Commerce Inc. (LSPD) was down 1.87% at $11.55. The stock trailed the S&P 500, which registered a daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.44%. The company's shares have seen a decrease of 5.23% over the last month, not keeping up with the Computer and Technology sector's gain of 7.68% and the S&P 500's gain of 2.72%.Analysts and investors alike will be keeping a close eye on the performance of Lightspeed Commerce Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.1, marking a 23.08% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $312.84 million, up 12.86% from the year-ago period. LSPD's full-year Zacks Consensus Estimates are calling for earnings of $0.4 per share and revenue of $1.21 billion. These results would represent year-over-year changes of -11.11% and +11.96%, respectively. It is also important to note the recent changes to analyst estimates for Lightspeed Commerce Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Lightspeed Commerce Inc. currently has a Zacks Rank of #4 (Sell). In the context of valuation, Lightspeed Commerce Inc. is at present trading with a Forward P/E ratio of 29.74. This indicates a discount in contrast to its industry's Forward P/E of 30.06. It is also worth noting that LSPD currently has a PEG ratio of 1.81. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.26. The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 65, finds itself in the top 27% echelons of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lightspeed Commerce Inc. (LSPD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks