LegalZoom.com (LZ) Set to Announce Earnings on Wednesday

LegalZoom.com (NASDAQ:LZ) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. LegalZoom.com has set its Q3 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

LegalZoom.com (NASDAQ:LZ) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The business had revenue of $177.36 million for the quarter, compared to the consensus estimate of $172.92 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect LegalZoom.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

LegalZoom.com Stock Up 1.1 %

Shares of LZ opened at $7.19 on Wednesday. LegalZoom.com has a fifty-two week low of $5.33 and a fifty-two week high of $13.74. The firm’s 50 day moving average price is $6.64 and its 200 day moving average price is $7.82. The company has a market cap of $1.35 billion, a P/E ratio of 65.36, a PEG ratio of 2.14 and a beta of 1.10.

Analyst Upgrades and Downgrades

LZ has been the topic of several recent research reports. Barclays downgraded shares of LegalZoom.com from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 10th. JMP Securities reaffirmed a “market perform” rating on shares of LegalZoom.com in a research note on Friday, September 13th. Bank of America downgraded shares of LegalZoom.com from a “buy” rating to an “underperform” rating and cut their target price for the stock from $13.00 to $6.00 in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on shares of LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Citigroup cut shares of LegalZoom.com from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $15.00 to $8.00 in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.79.

About LegalZoom.com

LegalZoom.com, Inc, together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States. The company’s platform offers business formation products, such as limited liability company, incorporation of C and S corporations, nonprofit formations, doing-business-as, corporate changes and filings, business licenses, legal forms, and beneficial ownership information reports; intellectual property products consisting of trademark and patent applications, and copyright registrations; and tax services, including business and personal tax preparations.