Lightspeed Commerce (LSPD) Scheduled to Post Earnings on Thursday

Lightspeed Commerce (NYSE:LSPD) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Lightspeed Commerce to post earnings of $0.10 per share for the quarter.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $266.10 million during the quarter, compared to the consensus estimate of $258.58 million. Lightspeed Commerce had a negative return on equity of 0.99% and a negative net margin of 15.55%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, analysts expect Lightspeed Commerce to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lightspeed Commerce Stock Performance

LSPD stock opened at $15.06 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.19 and a quick ratio of 6.06. The business has a 50-day moving average price of $14.43 and a 200 day moving average price of $13.96. The company has a market capitalization of $2.28 billion, a P/E ratio of -15.36, a PEG ratio of 9.73 and a beta of 2.34. Lightspeed Commerce has a 1-year low of $11.01 and a 1-year high of $21.71.

Analysts Set New Price Targets

A number of equities analysts have commented on LSPD shares. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Lightspeed Commerce in a report on Thursday, September 26th. Piper Sandler dropped their price target on Lightspeed Commerce from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. BTIG Research restated a “buy” rating and set a $21.00 price target on shares of Lightspeed Commerce in a research note on Thursday, September 26th. Jefferies Financial Group dropped their price target on Lightspeed Commerce from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Finally, TD Securities dropped their price target on Lightspeed Commerce from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and an average price target of $18.69.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.