LegalZoom Sees Q1 Revenue $172M-$176M vs $175.68M Est., Sees FY24 Revenue $700M-$720M vs $716.06M Est.
Portfolio Pulse from Benzinga Newsdesk
LegalZoom projects its Q1 revenue to be between $172M and $176M, slightly below the estimated $175.68M. For FY24, the company expects revenue to range from $700M to $720M, which is close to the estimated $716.06M.
February 22, 2024 | 9:44 pm
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NEUTRAL IMPACT
LegalZoom's Q1 revenue projection is slightly below expectations, but its FY24 revenue forecast aligns closely with estimates.
LegalZoom's Q1 revenue projection being slightly below the estimate might cause some short-term concern among investors. However, the close alignment of its FY24 revenue forecast with estimates suggests a stable long-term outlook. This mixed signal could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90