Online legal service provider LegalZoom (NASDAQ:LZ) will be announcing earnings results tomorrow after market close. Here's what to look for.
Last quarter LegalZoom reported revenues of $167.3 million, up 7.7% year on year, beating analyst revenue expectations by 4.6%. It was a good quarter for the company, with a decent beat of analysts' revenue estimates but slow revenue growth. The company reported 1.57 million users, up 10.8% year on year.
Is LegalZoom buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting LegalZoom's revenue to grow 6.8% year on year to $156.6 million, improving on the 3.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.4%.
Looking at LegalZoom's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Teladoc (NYSE:TDOC) delivered top-line growth of 3.6% year on year, missing analyst estimates by 1.6%. Teladoc was down 13.2%.
Read the full analysis of Teladoc's results on StockStory.
Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks up on average 1.7% over the last month. LegalZoom is down 5.4% during the same time, and is heading into the earnings with analyst price target of $13.8, compared to share price of $10.3.