Breaking Down LegalZoom.com’s Upcoming Earnings Call: What to Expect
August 28, 2023
🌥️Introduction:
LegalZoom.com, a leading online platform providing legal services, is set to release its second-quarter earnings results on August 8th, 2023. As investors eagerly await this update, it is essential to assess the company’s performance from various perspectives for a comprehensive understanding. In this article, we will delve into LegalZoom.com‘s fundamental and technical analysis, historical guidance, and analysts’ estimates to provide valuable insights into what we can expect from their upcoming earnings call.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 1.4 | 168.9 | 0.01 | million USD |
| Q1 | 2023-03-31 | -2.4 | 165.9 | -0.01 | million USD |
| Q4 | 2022-12-31 | 5.2 | 147.5 | 0.01 | million USD |
| Q3 | 2022-09-30 | -10.1 | 154.4 | -0.05 | million USD |
| Q2 | 2022-06-30 | -13.2 | 163.9 | -0.07 | million USD |
LegalZoom.com‘s past year financials reveal a mixed bag of results. In Q2 2023, the company reported net income of $1.4 million, total revenue of $168.9 million, and diluted EPS of $0.01 million USD. These figures indicate a positive trend, as LegalZoom.com has successfully turned around from a net loss in the previous quarter. Additionally, their revenue growth demonstrates a steady increase, showcasing the company’s ability to generate income.
Furthermore, LegalZoom.com‘s consistent quarterly revenue growth over the past year suggests that they have a solid business model in place. This stability in revenue provides investors with confidence in the company’s ability to navigate challenging economic conditions. It will be interesting to see if these positive trends continue in the upcoming earnings call.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-25 | 11.4 | 11.7 | -0.1 | -0.5 |
| 5D | 2023-08-21 | 11.4 | 12.2 | -0.4 | -3.6 |
| 1M | 2023-07-27 | 11.4 | 15.7 | -3.1 | -21.4 |
| 3M | 2023-05-30 | 10.7 | 15.7 | 0.6 | 5.4 |
Turning our attention to LegalZoom.com‘s recent price performance, we observe a few noteworthy trends. The stock has experienced some volatility over the past three months, with a high of $15.7 and a low of $10.7. However, despite these fluctuations, the stock has demonstrated an overall upward trend. Investors should keep an eye on whether this positive momentum continues after the earnings call.
Historical Guidance:
Examining LegalZoom.com‘s historical guidance, we discover consistent earnings estimates from MorningStar over the past 90 days. The consensus estimate for this quarter’s adjusted EPS has remained steady at $0.10. This stability in analysts’ estimates suggests a certain level of confidence in LegalZoom.com‘s ability to meet expectations. Investors should pay attention to any surprises, positive or negative, during the earnings call that deviate from these estimates.
Analysts’ Estimates:
Considering the MorningStar consensus estimates history for LegalZoom.com‘s EPS, we can observe that analysts have consistently anticipated a positive outlook for the company. The steadily increasing estimates over the past 30 and 60 days indicate an optimistic sentiment surrounding LegalZoom.com‘s upcoming earnings.
It is crucial to note that recent news sentiment about the earnings call has been primarily neutral. This neutral sentiment leaves room for surprises during the call, making it all the more intriguing.
Conclusion:
With LegalZoom.com‘s upcoming earnings call just around the corner, investors and stakeholders have much to anticipate. From a fundamental perspective, the company has demonstrated promising financials, indicating growth and stability. The technical analysis reveals an upward trend in stock price, though volatility persists. Additionally, historical guidance and analysts’ estimates suggest positive sentiments surrounding LegalZoom.com‘s earnings.
As we eagerly await the upcoming earnings call, it is essential to acknowledge both the potential risks and rewards associated with investing in LegalZoom.com. The diversity of perspectives presented in this article aims to provide readers with a well-rounded understanding of what to expect from the call.
Investors and stakeholders are encouraged to tune in and listen closely to LegalZoom.com‘s upcoming earnings call for valuable insights into the company’s current progress, future strategies, and overall market outlook. The call presents an opportunity to assess LegalZoom.com‘s performance firsthand while gaining deeper insights into the company’s prospects.
Disclaimer: The analysis presented here is based on historical data and analysts’ estimates, and no guarantees can be made regarding future performance. Investors are advised to conduct their own research and seek professional advice before making any investment decisions.
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