LegalZoom.com (LZ) to Release Quarterly Earnings on Wednesday

LegalZoom.com (NASDAQ:LZ) will 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

LegalZoom.com (NASDAQ:LZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share 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 company had revenue of $177.36 million for the quarter, compared to the consensus estimate of $172.92 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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 Trading Down 1.4 %

Shares of LZ stock opened at $7.15 on Tuesday. LegalZoom.com has a 12 month low of $5.33 and a 12 month high of $13.74. The stock has a market cap of $1.26 billion, a P/E ratio of 65.01, a P/E/G ratio of 2.25 and a beta of 1.06. The company has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $7.68.

Wall Street Analyst Weigh In

LZ has been the topic of a number of recent research reports. Barclays downgraded LegalZoom.com from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price target on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group upgraded LegalZoom.com from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Wednesday, July 31st. JMP Securities restated a “market perform” rating on shares of LegalZoom.com in a research report on Friday, September 13th. Finally, Citigroup lowered 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 research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, LegalZoom.com currently has a consensus rating of “Hold” and a consensus 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.