Zacks: Brokerages Expect Lightspeed POS Inc. (NYSE:LSPD) to Announce -$0.10 EPS

Equities research analysts expect Lightspeed POS Inc. (NYSE:LSPD) to post earnings of ($0.10) per share for the current quarter, Zacks reports. Six analysts have made estimates for Lightspeed POS’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.11). Lightspeed POS reported earnings of ($0.20) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lightspeed POS will report full-year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.54) to ($0.24). For the next financial year, analysts forecast that the firm will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.29) to ($0.16). Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Lightspeed POS.

Lightspeed POS (NYSE:LSPD) last issued its quarterly earnings data on Thursday, August 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.11. The firm had revenue of $115.92 million during the quarter, compared to the consensus estimate of $92.13 million.

A number of equities research analysts have recently commented on the company. TD Securities lifted their target price on Lightspeed POS from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Royal Bank of Canada lifted their price target on shares of Lightspeed POS from $98.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. National Bank Financial raised their target price on Lightspeed POS from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Barclays upped their price target on Lightspeed POS from $92.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, August 6th. Finally, Credit Suisse Group lifted their price objective on Lightspeed POS from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Lightspeed POS currently has a consensus rating of “Buy” and a consensus target price of $117.62.

LSPD stock opened at $119.24 on Friday. The firm has a market cap of $15.69 billion and a PE ratio of -147.21. The business has a 50 day moving average of $96.19 and a 200-day moving average of $78.77. Lightspeed POS has a 12-month low of $28.29 and a 12-month high of $128.13.

Lightspeed POS Company Profile

Lightspeed POS 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.

See Also: Initial Coin Offering (ICO)

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