-$0.21 Earnings Per Share Expected for CS Disco, Inc. (NYSE:LAW) This Quarter

Wall Street brokerages predict that CS Disco, Inc. (NYSE:LAWGet Rating) will post earnings per share (EPS) of ($0.21) for the current quarter, according to Zacks. Five analysts have provided estimates for CS Disco’s earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.20). The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that CS Disco will report full-year earnings of ($0.82) per share for the current financial year, with EPS estimates ranging from ($0.88) to ($0.76). For the next year, analysts expect that the business will post earnings of ($0.67) per share, with EPS estimates ranging from ($0.79) to ($0.52). Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for CS Disco.

CS Disco (NYSE:LAWGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $33.81 million during the quarter, compared to the consensus estimate of $28.59 million. The company’s quarterly revenue was up 76.2% compared to the same quarter last year.

LAW has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of CS Disco from $67.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, February 25th. Cowen reduced their target price on shares of CS Disco from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Jefferies Financial Group raised shares of CS Disco from a “hold” rating to a “buy” rating and reduced their target price for the company from $60.00 to $50.00 in a research note on Thursday, January 6th. Citigroup reduced their target price on shares of CS Disco from $71.00 to $47.00 in a research note on Friday, February 11th. Finally, Zacks Investment Research raised shares of CS Disco from a “sell” rating to a “hold” rating in a research note on Friday, April 1st. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $51.46.

In other CS Disco news, CFO Michael Lafair sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $35.81, for a total transaction of $501,340.00. Following the completion of the transaction, the chief financial officer now directly owns 396,317 shares of the company’s stock, valued at approximately $14,192,111.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Andrew Shimek sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $31.94, for a total transaction of $479,100.00. Following the sale, the executive now directly owns 126,574 shares in the company, valued at approximately $4,042,773.56. The disclosure for this sale can be found here. Insiders have sold a total of 43,000 shares of company stock valued at $1,458,680 over the last three months.

Several hedge funds and other institutional investors have recently modified their holdings of LAW. Harel Insurance Investments & Financial Services Ltd. grew its stake in CS Disco by 65.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,244 shares of the company’s stock valued at $45,000 after acquiring an additional 490 shares during the period. FourThought Financial LLC acquired a new stake in CS Disco in the 4th quarter valued at $49,000. Point72 Hong Kong Ltd acquired a new stake in CS Disco in the 3rd quarter valued at $67,000. Citigroup Inc. acquired a new stake in CS Disco in the 3rd quarter valued at $70,000. Finally, Royal Bank of Canada acquired a new stake in CS Disco in the 3rd quarter valued at $72,000. 79.42% of the stock is currently owned by institutional investors and hedge funds.

LAW stock opened at $29.20 on Friday. The company’s fifty day moving average price is $32.27 and its 200-day moving average price is $36.49. CS Disco has a one year low of $25.99 and a one year high of $69.41.

About CS Disco (Get Rating)

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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Earnings History and Estimates for CS Disco (NYSE:LAW)

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