CS Disco (LAW) Set to Announce Earnings on Thursday

CS Disco (NYSE:LAWGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect CS Disco to post earnings of ($0.33) per share for the quarter. CS Disco has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

CS Disco (NYSE:LAWGet Rating) last posted its earnings results on Thursday, May 12th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The firm had revenue of $34.50 million for the quarter, compared to the consensus estimate of $30.68 million. CS Disco had a negative net margin of 26.05% and a negative return on equity of 18.88%. The company’s revenue was up 63.3% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. 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 Price Performance

NYSE LAW opened at $27.90 on Thursday. The firm’s fifty day moving average price is $21.92 and its 200 day moving average price is $28.14. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of -35.77. CS Disco has a 12 month low of $16.96 and a 12 month high of $69.41.

Insider Activity at CS Disco

In other CS Disco news, CFO Michael Lafair sold 1,640 shares of CS Disco stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $24.15, for a total transaction of $39,606.00. Following the completion of the transaction, the chief financial officer now owns 391,403 shares in the company, valued at $9,452,382.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On CS Disco

A number of institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. raised its position in shares of CS Disco by 104.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,212 shares of the company’s stock valued at $41,000 after buying an additional 619 shares during the last quarter. Quantbot Technologies LP purchased a new stake in CS Disco in the first quarter valued at approximately $33,000. Point72 Hong Kong Ltd purchased a new stake in CS Disco in the first quarter valued at approximately $39,000. California State Teachers Retirement System grew its holdings in CS Disco by 60.1% in the first quarter. California State Teachers Retirement System now owns 6,679 shares of the company’s stock valued at $227,000 after purchasing an additional 2,508 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in CS Disco by 57.0% in the first quarter. MetLife Investment Management LLC now owns 7,729 shares of the company’s stock valued at $263,000 after purchasing an additional 2,806 shares during the period. Institutional investors and hedge funds own 79.42% of the company’s stock.

Wall Street Analysts Forecast Growth

LAW has been the topic of a number of recent analyst reports. Citigroup dropped their target price on shares of CS Disco to $33.00 and set a “na” rating on the stock in a research report on Monday, May 16th. Cowen lowered their price objective on shares of CS Disco from $45.00 to $35.00 in a research report on Friday, May 13th. Canaccord Genuity Group lowered their price objective on shares of CS Disco from $45.00 to $35.00 in a research report on Friday, May 13th. Needham & Company LLC lowered their price objective on shares of CS Disco from $50.00 to $35.00 in a research report on Friday, May 13th. Finally, Cowen lowered their price objective on shares of CS Disco from $45.00 to $35.00 in a research report on Friday, May 13th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CS Disco currently has an average rating of “Buy” and a consensus price target of $46.69.

CS Disco Company Profile

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CS Disco, Inc, a legal technology company, provides cloud-native and artificial intelligence-powered legal solutions for ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. The company offers DISCO Ediscovery, a solution that automates 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.

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