Lesaka Technologies (NASDAQ:LSAK) Issues Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Key Points

• Lesaka Technologies missed earnings estimates for the quarter, reporting a loss of ($0.35) EPS, which fell short of analysts' expectations by ($0.39).
• Despite the earnings miss, Lesaka Technologies' stock increased by 3.3% during trading hours, reaching $4.73 with a market capitalization of $384.31 million.
• Analysts have a consensus rating of "Hold" for Lesaka Technologies, following a recent rating change by Zacks Research.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) released its earnings results on Wednesday. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.39), Zacks reports. Lesaka Technologies had a negative return on equity of 46.20% and a negative net margin of 11.11%.

Lesaka Technologies Stock Up 3.3%

Shares of NASDAQ:LSAK traded up $0.15 during trading hours on Wednesday, reaching $4.73. The stock had a trading volume of 244,630 shares, compared to its average volume of 26,281. The stock has a market capitalization of $384.31 million, a price-to-earnings ratio of -5.77 and a beta of 0.68. The firm's 50 day moving average is $4.61 and its 200-day moving average is $4.51. Lesaka Technologies has a 1 year low of $3.39 and a 1 year high of $5.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.37.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Lesaka Technologies to a "hold" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Lesaka Technologies has an average rating of "Hold".

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.

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