![]() ![]() ![]() The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Continue Readingĭisclaimer: The TipRanks Smart Score performance is based on backtested results. The company broke even on an adjusted earnings per share basis while analysts were expecting the company to report a loss of $0.03 per share.Īnalysts are cautiously optimistic about LSPD stock with a Moderate Buy consensus rating based on two Buys and three Holds. In the fiscal fourth quarter, Lightspeed posted total revenues of $184.2 million, up by 27% year-over-year on a constant currency basis, versus analysts’ estimates of $183.92 million. Lightspeed commented on the softer-than-expected outlook that “reflects caution on the near term results given the economic climate and its impact on the Company’s end markets (including changes in consumer spending impacting several of Lightspeed’s retail verticals).” For the full year, the company anticipates breaking even or better adjusted EBITDA. In FY24, the company has forecasted revenues between $875 million and $900 million, with growth expected to be stronger in the second half of the year after rollout of unified payments. Lightspeed has projected an adjusted EBITDA loss of around $10 million in fiscal Q1 which includes “includes costs associated with launching the unified POS and payments initiative, as well as approximately $4 million in costs associated with our annual sales summit.” The company has now projected Q1 revenues to be in the range of $195 million to $200 million below the consensus estimates of $207.4 million. Shares of the provider of point-of-sale and e-commerce software, Lightspeed Commerce ( TSX: LSPD) ( NYSE: LSPD) crashed in morning trading at the time of publishing on Thursday after the company issued disappointing fiscal Q1 guidance.
0 Comments
Leave a Reply. |