CS Disco (LAW) Set to Announce Quarterly Earnings on Wednesday

CS Disco (NYSE:LAW) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect CS Disco to post earnings of ($0.09) per share for the quarter. CS Disco has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

CS Disco (NYSE:LAW) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The business had revenue of $36.01 million during the quarter, compared to analyst estimates of $35.52 million. CS Disco had a negative net margin of 19.88% and a negative return on equity of 14.18%. On average, analysts expect CS Disco to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

CS Disco Stock Up 2.0 %

Shares of LAW opened at $6.00 on Monday. The company has a market capitalization of $356.88 million, a P/E ratio of -12.77 and a beta of 2.07. CS Disco has a twelve month low of $4.71 and a twelve month high of $8.80. The firm has a 50 day moving average of $5.76 and a 200 day moving average of $6.02.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LAW shares. Needham & Company LLC dropped their price target on CS Disco from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group raised their target price on CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th.

Insider Transactions at CS Disco

In related news, Director Scott A. Hill bought 23,554 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of $5.39 per share, with a total value of $126,956.06. Following the acquisition, the director now owns 187,615 shares in the company, valued at $1,011,244.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.60% of the company’s stock.

CS Disco Company Profile

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.