Lesaka Technologies (LSAK) Q2 Earnings Meet Estimates

Core Viewpoint - Lesaka Technologies reported quarterly earnings of $0.01 per share, matching the Zacks Consensus Estimate, and showing an improvement from a loss of$0.04 per share a year ago [1] - The company generated revenues of $146.82 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 14.70$143.89 million year-over-year [2] Financial Performance - The earnings surprise for the previous quarter was -16.67%, with an actual loss of $0.07 per share against an expected loss of$0.06 [1] - Over the last four quarters, Lesaka Technologies has not surpassed consensus EPS estimates [1] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of$134 million, and for the current fiscal year, it is $0.16 on revenues of$546.55 million [7] Market Performance - Lesaka Technologies shares have declined approximately 11.6% since the beginning of the year, contrasting with the S&P 500's gain of 2.7% [3] - The company's Zacks Rank is currently 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The Technology Services industry, to which Lesaka Technologies belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]