CS Disco (LAW) Scheduled to Post Earnings on Wednesday

CS Disco (NYSE:LAW) will be posting its quarterly earnings results 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

CS Disco (NYSE:LAW) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. The business had revenue of $36.01 million during the quarter, compared to analysts’ expectations of $35.52 million. 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 Performance

CS Disco stock opened at $6.05 on Wednesday. CS Disco has a 52 week low of $4.71 and a 52 week high of $8.80. The stock has a market capitalization of $362.85 million, a P/E ratio of -11.20 and a beta of 2.09. The stock has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $6.04.

Insider Activity

In other CS Disco news, Director Scott A. Hill purchased 23,554 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 187,615 shares in the company, valued at approximately $1,011,244.85. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 22.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LAW. Jefferies Financial Group raised their price objective on shares of CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research report on Tuesday. Needham & Company LLC cut their price objective on shares of CS Disco from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. downgraded shares of CS Disco from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $5.00 in a research report on Tuesday, July 2nd.

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.