LegalZoom.com Inc reports results for the quarter ended in June - Earnings Summary

LegalZoom.com

07/08/2024 22:02

* LegalZoom.com Inc  LZ.OQ  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in June, identical
to the same quarter last year.  The mean expectation of
eight analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from 8 cents to 11
cents per share.
    * Revenue rose 5% to $177.36 million from a year ago;
analysts
expected $173.19 million. 
    * LegalZoom.com Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $1.31
million.
    * LegalZoom.com Inc shares had fallen by 30.0% this
quarter and
lost 48.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for LegalZoom.com Inc
is $7.00 
This summary was machine generated from LSEG data August 7 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.09           0.10           Beat
 Mar. 31 2024      0.10           0.09           Missed
 Dec. 31 2023      0.10           0.13           Beat
 Sep. 30 2023      0.09           0.12           Beat