$140.97 Million in Sales Expected for Lightspeed Commerce Inc. (NYSE:LSPD) This Quarter

Equities analysts predict that Lightspeed Commerce Inc. (NYSE:LSPD – Get Rating) will report $140.97 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Lightspeed Commerce’s earnings, with estimates ranging from $139.90 million to $143.21 million. Lightspeed Commerce reported sales of $82.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 71.1%. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Lightspeed Commerce will report full-year sales of $543.15 million for the current year, with estimates ranging from $541.70 million to $546.00 million. For the next financial year, analysts forecast that the company will report sales of $723.26 million, with estimates ranging from $675.70 million to $756.59 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Lightspeed Commerce.

Several research analysts recently commented on the company. Moffett Nathanson assumed coverage on Lightspeed Commerce in a research note on Tuesday, April 5th. They issued a “buy” rating and a $40.00 price objective for the company. Piper Sandler reduced their price objective on Lightspeed Commerce from $70.00 to $54.00 and set an “overweight” rating for the company in a research note on Friday, February 4th. KeyCorp reduced their price objective on Lightspeed Commerce from $100.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 25th. Raymond James reduced their price objective on Lightspeed Commerce from $110.00 to $68.00 in a research note on Thursday, February 3rd. Finally, Truist Financial dropped their target price on Lightspeed Commerce from $75.00 to $60.00 in a report on Friday, February 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $74.06.

NYSE LSPD opened at $15.82 on Thursday. The business has a fifty day moving average price of $25.23 and a 200 day moving average price of $39.05. Lightspeed Commerce has a one year low of $15.74 and a one year high of $130.02. The company has a market cap of $2.34 billion and a P/E ratio of -30.38.

Lightspeed Commerce Company Profile (Get Rating)

Lightspeed Commerce Inc provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc.

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