LegalZoom.com (LZ) to Release Earnings on Wednesday

LegalZoom.com (NASDAQ:LZ) is scheduled to be issuing 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 listen to the company’s conference call can do so using this link.

LegalZoom.com (NASDAQ:LZ) last released its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $177.36 million during the quarter, compared to analysts’ expectations of $172.92 million. LegalZoom.com had a net margin of 3.10% and a return on equity of 22.36%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. 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 Price Performance

NASDAQ LZ opened at $7.25 on Monday. The company’s fifty day moving average is $6.68 and its two-hundred day moving average is $7.71. LegalZoom.com has a 52-week low of $5.33 and a 52-week high of $13.74. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 65.91, a P/E/G ratio of 2.23 and a beta of 1.06.

Analysts Set New Price Targets

Several brokerages recently issued reports on LZ. Barclays lowered LegalZoom.com from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on LegalZoom.com from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. William Blair began coverage on shares of LegalZoom.com in a research note on Monday, September 16th. They set a “market perform” rating on the stock. Bank of America lowered shares of LegalZoom.com from a “buy” rating to an “underperform” rating and lowered their price target for the company from $13.00 to $6.00 in a report on Wednesday, July 10th. Finally, Citigroup downgraded shares of LegalZoom.com from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $8.00 in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.79.

LegalZoom.com Company Profile

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.