Lesaka Technologies, a South Africa-based fintech, has surged by more than 54% year-to-date, as turnaround efforts have resulted in steady improvement to operating performance. However, given a bevy of potential catalysts, including the prospect of cost and growth synergies from an upcoming acquisition, point to further improvement ahead. If results for the current fiscal year meet even the low end of guidance, it may prove sufficient to a further move higher for LSAK stock.
Lesaka Technologies (LSAK) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.19 per share a year ago.
As of June 24, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.