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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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