LegalZoom Expects Q3 Revenue Of $165M - $169M, Est $170.31M
Portfolio Pulse from Benzinga Newsdesk
LegalZoom expects Q3 revenue to be between $165M and $169M, which is below the estimated $170.31M. The company also projects adjusted EBITDA in the range of $39M to $41M.
August 07, 2024 | 8:46 pm
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NEGATIVE IMPACT
LegalZoom's Q3 revenue forecast of $165M-$169M falls short of the $170.31M estimate, which may negatively impact investor sentiment. However, the adjusted EBITDA projection of $39M-$41M provides some positive outlook.
The revenue forecast falling short of estimates is likely to be viewed negatively by investors, potentially leading to a short-term decline in stock price. The adjusted EBITDA projection, while positive, may not fully offset the negative sentiment from the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100