CS Disco (LAW) Set to Announce Earnings on Thursday

CS Disco (NYSE:LAW) is scheduled to be releasing 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.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 earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.11. The company had revenue of $35.74 million during the quarter, compared to analysts’ expectations of $34.94 million. CS Disco had a negative return on equity of 19.09% and a negative net margin of 30.52%. 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 Trading Up 1.5 %

Shares of NYSE:LAW opened at $7.96 on Tuesday. The firm has a market cap of $482.53 million, a PE ratio of -11.21 and a beta of 2.23. The company has a fifty day simple moving average of $7.55 and a 200 day simple moving average of $7.23. CS Disco has a 12-month low of $5.07 and a 12-month high of $10.77.

Analyst Ratings Changes

Several research firms have recently weighed in on LAW. 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 target price for the company. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of CS Disco in a research note on Wednesday, April 10th. Finally, Piper Sandler lifted their target price on CS Disco from $6.50 to $7.50 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, CS Disco currently has a consensus rating of “Hold” and a consensus target price of $10.31.

Insider Buying and Selling

In other news, CFO Michael Lafair sold 8,614 shares of CS Disco stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $6.82, for a total transaction of $58,747.48. Following the sale, the chief financial officer now owns 826,345 shares of the company’s stock, valued at approximately $5,635,672.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.30% of the stock is 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.