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

CS Disco (NYSE:LAW) announced its quarterly earnings data on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06), Briefing.com reports. The company had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $36.33 million. CS Disco had a negative net margin of 25.36% and a negative return on equity of 18.67%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned ($0.02) earnings per share. CS Disco updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

CS Disco Stock Performance

NYSE:LAW traded down $0.10 during trading hours on Friday, reaching $5.93. The company’s stock had a trading volume of 108,462 shares, compared to its average volume of 103,901. The company has a market capitalization of $352.72 million, a P/E ratio of -9.90 and a beta of 2.07. CS Disco has a 12 month low of $4.71 and a 12 month high of $8.80. The stock has a 50 day moving average price of $5.81 and a two-hundred day moving average price of $5.97.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LAW shares. Jefferies Financial Group boosted their price target on shares of CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of CS Disco in a report on Thursday.

Insider Buying and Selling

In other news, Director Scott A. Hill bought 23,554 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $5.39 per share, for a total transaction of $126,956.06. Following the completion of the purchase, the director now directly owns 187,615 shares in the company, valued at approximately $1,011,244.85. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.60% of the stock is currently owned by company insiders.

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.