CS Disco (NYSE:LAW) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

CS Disco (NYSE:LAW) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06), Briefing.com reports. CS Disco had a negative return on equity of 14.18% and a negative net margin of 19.88%. The firm had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $36.33 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. CS Disco updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

CS Disco Price Performance

LAW traded down $0.34 during trading on Thursday, hitting $6.03. The company had a trading volume of 252,068 shares, compared to its average volume of 215,618. The company has a market cap of $358.66 million, a PE ratio of -13.55 and a beta of 2.07. The business has a 50-day moving average of $5.79 and a 200-day moving average of $5.99. CS Disco has a 1-year low of $4.71 and a 1-year high of $8.80.

Analyst Upgrades and Downgrades

LAW has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price objective on CS Disco from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of CS Disco in a research note on Thursday.

Insider Transactions at CS Disco

In related news, Director Scott A. Hill bought 23,554 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $5.39 per share, with a total value of $126,956.06. Following the completion of the acquisition, the director now owns 187,615 shares of the company’s stock, valued at $1,011,244.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.60% of the company’s stock.

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.