Lightspeed Commerce Inc. (LSPD) Reports Q1 Loss, Tops Revenue Estimates

Lightspeed Commerce Inc. (LSPD) reported a loss of $0.01 per share for the quarter, which was better than the expected loss of $0.05 per share according to Zacks Consensus Estimate. In comparison, the company had a loss of $0.12 per share in the same quarter last year. These results have been adjusted to exclude any one-time expenses.

This quarterly update shows a surprisingly high increase in earnings by 80%. In the previous quarter, analysts predicted that the company would experience a loss of $0.04 per share. However, the company managed to achieve break-even earnings, surpassing expectations by 100%.

In the past four quarters, the company has exceeded the general agreement on its earnings per share (EPS) estimates on four occasions.

Lightspeed Commerce Inc., a company in the Zacks Technology Services industry, generated $209.09 million in revenue for the second quarter of 2023. This exceeded the estimated revenue by 5.97%. In comparison, the revenue for the same quarter last year was $173.88 million. Notably, this is the fourth consecutive quarter in which the company has exceeded the consensus revenue estimates.

The long-term viability of the stock's current price fluctuations, which are influenced by the newly disclosed figures and projected earnings, will largely rely on the remarks made by the company's executives during the earnings conference.

The shares of Lightspeed Commerce Inc. have increased by approximately 13.4% since the start of this year, in contrast to the S&P 500's growth of 17.6%.

What Lies Ahead for Lightspeed Commerce Inc.

Although Lightspeed Commerce Inc. has not fared well in the market this year, investors are now wondering about the future prospects of the stock.

Finding the right solution to this important query is not a straightforward task. However, one dependable gauge that can assist investors in tackling this issue is the company's profit forecast. This not only encompasses the current collective predictions regarding earnings for the upcoming quarter(s), but also reveals any recent alterations in these expectations.

Research based on real-world evidence demonstrates a notable association between short-term changes in stock prices and patterns in adjustments made to earnings estimates. Investors have the option to monitor these revisions independently or opt for a reputable rating tool, like the reliable Zacks Rank, which has a remarkable history of effectively utilizing the influence of earnings estimate revisions.

Before this earnings release, the forecast changes for Lightspeed Commerce Inc. are not clear. Although the size and direction of these changes might shift after the company releases its earnings report, the current situation shows that the stock is ranked as a #3 (Hold) on the Zacks Rank. Therefore, it is predicted that the shares will perform similarly to the overall market in the upcoming period. You can find the full list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be intriguing to observe the alterations in forecasted figures for the upcoming quarters and the present fiscal year in the upcoming days. Currently, the general agreement is that earnings per share (EPS) is expected to reach break-even point with revenues amounting to $212.53 million for the following quarter. Similarly, for the ongoing fiscal year, the consensus indicates an EPS of -$0.01 alongside revenues totaling $893.39 million.

Investors need to be cautious about how the future prospects of an industry can significantly influence the performance of a stock. According to the Zacks Industry Rank, the Technology Services sector is currently positioned in the lower 35% among the 250 plus industries ranked by Zacks. Our studies reveal that industries ranked in the top 50% by Zacks tend to outperform those in the bottom 50% by a ratio of more than 2 to 1.

Another company in the identical sector, Stronghold Digital Mining, Inc. (SDIG), is still pending the release of its financial outcomes for the quarter that ended in June 2023. These results are anticipated to be made available on August 10th.

In its upcoming report, this company is anticipated to announce a loss of $1.27 per share for the quarter. This indicates a significant decline of -323.3% compared to the same period last year. The average estimate for earnings per share (EPS) for this quarter has recently been adjusted downwards by 13.7% over the past month to its current level.

Stronghold Digital Mining, Inc. is projected to generate sales of $22.2 million, experiencing a decrease of 23.9% compared to the same period last year.

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Lightspeed Commerce Inc. (LSPD) provides a thorough examination of stock analysis without any charges.

Stronghold Digital Mining, Inc. (SDIG) has released its latest report on stock analysis, available for free.

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