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Lightspeed Earnings Preview: Fair Price Target, Financial Upside

Published 2022-05-18, 01:34 p/m
Updated 2022-05-18, 01:38 p/m
© Reuters.

By Ketki Saxena

Investing.com – Montreal-based payments company Lightspeed (TSX:LSPD) commerce is expected to report Q1 2022 earnings tomorrow morning, before the opening bell.

Analysts expect a loss per share of $0.12 per share, narrowing from a loss of $0.37 per share this time a year ago. Revenue is expected at $140.8 million, up 71% year on year from $152.7 million in the first quarter of 2021.

What else to know about Lightspeed stock

In the last year, Lightspeed has shed 62% of its value, after heavy sell-offs following a damaging report by Spruce Capital Management which Weak Governance Standards, Worrisome Auditing Oversight, inflated and aggressive revenue calculations, and concerns surrounding the executive team.

Lightspeed has also been heavily impacted by the COVID-19 restrictions that shut down physical retailers and restaurants, which represented 90% of the company’s clients pre-pandemic.

Since then, Lightspeed has been attempting to diversify beyond physical retail, recently launching a flagship, omnichannel product integrating e-commerce, payments, and point-of-sale (POS) capabilities.

Fair Price Target (NYSE:TGT), Financial Upside

At 1:30 p.m ET, Lightspeed shares were trading at $20.09, down -4.54% in the day’s trading, and with a 52-week range of $15.25 - 129.18.

Investing Pro Models suggest a 12-month fair price target of $21.15, representing a 4.7% financial upside.

All currencies USD, unless noted otherwise.

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