CS Disco (NYSE:LAW) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

CS Disco (NYSE:LAW) released its earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06), Briefing.com reports. The business had revenue of $36.27 million for the quarter, compared to analyst estimates of $36.33 million. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. CS Disco’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. CS Disco updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

CS Disco Trading Down 0.7 %

Shares of NYSE LAW traded down $0.04 during mid-day trading on Friday, reaching $5.99. 11,535 shares of the company’s stock were exchanged, compared to its average volume of 214,677. CS Disco has a twelve month low of $4.71 and a twelve month high of $8.80. The firm has a market capitalization of $356.29 million, a price-to-earnings ratio of -12.81 and a beta of 2.07. The business has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.99.

Insider Buying and Selling

In related news, Director Scott A. Hill purchased 23,554 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $5.39 per share, with a total value of $126,956.06. Following the completion of the purchase, the director now owns 187,615 shares in the company, valued at $1,011,244.85. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LAW shares. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of CS Disco in a report on Thursday. Jefferies Financial Group increased their price target on shares of CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th.

About CS Disco

CS Disco, Inc provides cloud-native and artificial intelligence-powered legal solutions for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally. It offers DISCO Request, a solution that automates response compliance for legal requests; and DISCO Ediscovery, a solution that automates the ediscovery process and saves legal departments from manual tasks associated with collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data that is at issue in legal matters.