Q: Hi 5i,
What is your opinion on LSPD latest earnings. their SP had a nice uptick today....What is their outlook now going forward, Would you continue to hold on and is there any current news on the search for a potential buyer?
thx
What is your opinion on LSPD latest earnings. their SP had a nice uptick today....What is their outlook now going forward, Would you continue to hold on and is there any current news on the search for a potential buyer?
thx
5i Research Answer:
LSPD is making progress in execution. EPS of 13c beat estimates of 10c; Revenue of $277.1M beat estimates of $274M. EBITDA of $14M beat estimates by 17%. EBITDA guidance was raised to $50M+ from $45M+. Payments were the key driver in the Q3. Transaction based revenue was strong. Note the company has a Capital Markets analyst day upcoming and it is still undergoing a strategic review (no new news). With the quarter, and guidance, and review, and improving stock action (up 8 of 9 days now), we are OK as a HOLD.