CS Disco (LAW) Set to Announce Earnings on Thursday

CS Disco (NYSE:LAW) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect CS Disco to post earnings of ($0.12) per share for the quarter. CS Disco has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

CS Disco (NYSE:LAW) last released its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.11. The firm had revenue of $35.74 million during the quarter, compared to analyst estimates of $34.94 million. CS Disco had a negative net margin of 30.52% and a negative return on equity of 19.09%. 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 Up 1.5 %

Shares of NYSE LAW opened at $7.96 on Tuesday. CS Disco has a 12 month low of $5.07 and a 12 month high of $10.77. The company has a market cap of $482.53 million, a P/E ratio of -11.21 and a beta of 2.23. The business’s 50 day moving average is $7.55 and its two-hundred day moving average is $7.23.

Insider Activity

In related news, CFO Michael Lafair sold 8,614 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $6.82, for a total value of $58,747.48. Following the transaction, the chief financial officer now directly owns 826,345 shares in the company, valued at $5,635,672.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of CS Disco from $6.50 to $7.50 and gave the company a “neutral” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. began coverage on shares of CS Disco in a research report on Monday, March 25th. They issued a “neutral” rating and a $9.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of CS Disco in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.31.

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.