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

LegalZoom.com

07/05/2024 23:01

* LegalZoom.com Inc  LZ.OQ  reported quarterly adjusted
earnings
of 9 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 9 cents to 11 cents per share.
    * Revenue rose 5% to $174.21 million from a year ago;
analysts
expected $175.19 million. 
    * LegalZoom.com Inc's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $4.74
million.
    * LegalZoom.com Inc shares had fallen by 9.7% this
quarter and
gained 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for LegalZoom.com Inc
is $14.50 
This summary was machine generated from LSEG data May 7 at 10:01
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
 Mar. 31 2024      0.10           0.09           Missed
 Dec. 31 2023      0.10           0.13           Beat
 Sep. 30 2023      0.09           0.12           Beat
 Jun. 30 2023      0.10           0.10           Met