LegalZoom.com Q1 2024 Adj EPS $0.09 Misses $0.10 Estimate, Sales $174.214M Miss $175.188M Estimate
Portfolio Pulse from Benzinga Newsdesk
LegalZoom.com (NASDAQ:LZ) reported Q1 2024 earnings of $0.09 per share, missing the consensus estimate of $0.10, and sales of $174.214M, slightly below the estimate of $175.188M. Despite the miss, earnings and sales increased by 28.57% and 4.99% respectively, compared to the same period last year.
May 07, 2024 | 9:30 pm
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NEGATIVE IMPACT
LegalZoom.com reported a slight miss in both earnings and sales for Q1 2024, with earnings per share at $0.09 and sales at $174.214M, against estimates of $0.10 and $175.188M respectively.
Missing both earnings and sales estimates, even slightly, can lead to negative investor sentiment in the short term, potentially impacting the stock price negatively. However, the year-over-year growth in both metrics indicates underlying strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100