CS Disco (NYSE:LAW) Posts Earnings Results, Misses Expectations By $0.06 EPS

CS Disco (NYSE:LAW) issued its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share 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 company had revenue of $36.27 million during the quarter, compared to analysts’ expectations of $36.33 million. During the same period last year, the firm posted ($0.02) earnings per share. CS Disco’s quarterly revenue 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 Stock Down 4.2 %

Shares of NYSE LAW traded down $0.27 during mid-day trading on Thursday, reaching $6.10. 163,033 shares of the company were exchanged, compared to its average volume of 215,206. CS Disco has a 52 week low of $4.71 and a 52 week high of $8.80. The company’s 50 day moving average price is $5.79 and its 200 day moving average price is $5.99. The stock has a market capitalization of $362.83 million, a PE ratio of -13.55 and a beta of 2.07.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of CS Disco in a research report on Thursday. Jefferies Financial Group increased their price objective on CS Disco from $5.50 to $6.00 and gave the company a “hold” rating in a report on Tuesday, October 29th.

Insider Activity at CS Disco

In other CS Disco news, Director Scott A. Hill purchased 23,554 shares of the stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $5.39 per share, with a total value of $126,956.06. Following the completion of the purchase, the director now directly owns 187,615 shares of the company’s stock, valued at approximately $1,011,244.85. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.60% of the stock is currently owned by insiders.

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.