CS Disco (LAW) Scheduled to Post Quarterly Earnings on Thursday

CS Disco (NYSE:LAW) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce 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.Parties that are interested in registering for the company’s conference call can do so using this link.

CS Disco (NYSE:LAW) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.11. CS Disco had a negative net margin of 30.52% and a negative return on equity of 19.09%. The firm had revenue of $35.74 million for the quarter, compared to the consensus estimate of $34.94 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 Down 0.8 %

NYSE:LAW opened at $7.90 on Wednesday. CS Disco has a 52 week low of $5.07 and a 52 week high of $10.77. The firm has a 50 day moving average of $7.57 and a 200 day moving average of $7.25. The stock has a market capitalization of $478.91 million, a price-to-earnings ratio of -11.11 and a beta of 2.23.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other CS Disco news, CFO Michael Lafair sold 8,614 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 826,345 shares of the company’s stock, valued at $5,635,672.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 22.30% of the company’s stock.

About CS Disco

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.