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

• Lightspeed Commerce Inc LSPD reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of fourteen analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from zero cents to 8 cents per share.

• Revenue rose 25% to $230.22 million from a year ago; analysts expected $224.34 million.

• Lightspeed Commerce Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $32.54 million.

• Lightspeed Commerce Inc shares had fallen by 8.8% this quarter and lost 37.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "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 $19.00

This summary was machine generated from LSEG data May 16 at 01:30 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)