Lightspeed Commerce Inc reports results for the quarter ended March 31 - Earnings Summary

• Lightspeed Commerce Inc LSPD.TO reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 8 cents to 13 cents per share.

• Revenue rose 10.1% to $253.42 million from a year ago; analysts expected $253.86 million.

• Lightspeed Commerce Inc's reported EPS for the quarter was a loss of $3.79​.

• The company reported a quarterly loss of $575.94 million.

• Lightspeed Commerce Inc shares had risen by 18.6% this quarter and lost 31.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 $14.00

This summary was machine generated from LSEG data May 22 at 01:31 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)