CS Disco (LAW) to Release Earnings on Wednesday

CS Disco (NYSE:LAW - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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 interested in registering for the company's conference call can do so using this link.

CS Disco (NYSE:LAW - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.01. The company had revenue of $36.01 million for the quarter, compared to analyst estimates of $35.52 million. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. 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 Down 1.5 %

Shares of NYSE:LAW traded down $0.09 during midday trading on Wednesday, reaching $5.95. The company's stock had a trading volume of 95,850 shares, compared to its average volume of 217,158. The firm has a market cap of $353.91 million, a price-to-earnings ratio of -12.87 and a beta of 2.09. The business has a 50 day moving average price of $5.73 and a 200 day moving average price of $6.04. CS Disco has a 1 year low of $4.71 and a 1 year high of $8.80.

Wall Street Analysts Forecast Growth

LAW has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of CS Disco from $5.50 to $6.00 and gave the company a "hold" rating in a research note on Tuesday. Needham & Company LLC decreased their price target on shares of CS Disco from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. downgraded CS Disco from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $8.00 to $5.00 in a report on Tuesday, July 2nd.

Insider Buying and Selling at CS Disco

In other news, Director Scott A. Hill bought 23,554 shares of CS Disco stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $5.39 per share, with a total value of $126,956.06. Following the completion of the transaction, the director now owns 187,615 shares in the company, valued at approximately $1,011,244.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.60% of the stock is currently owned by corporate 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.