We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About LegalZoom (LZ) Q4 Earnings
Read MoreHide Full Article
LegalZoom (LZ - Free Report) reported $158.66 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.2%. EPS of $0.13 for the same period compares to $0.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $156.25 million, representing a surprise of +1.54%. The company delivered an EPS surprise of +30.00%, with the consensus EPS estimate being $0.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LegalZoom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average revenue per subscription unit (ARPU): $0.28 million versus $0.22 million estimated by three analysts on average.
Number of business formations: 113 versus the three-analyst average estimate of 128.
Average Order Value: $242 versus the three-analyst average estimate of $239.21.
Number of Transactions units: 215 versus 218 estimated by three analysts on average.
Number of subscription units: 1,545 versus 1,546 estimated by three analysts on average.
Subscription revenue: $106.74 million compared to the $102.79 million average estimate based on four analysts. The reported number represents a change of +17.3% year over year.
Transaction revenue: $51.92 million versus the four-analyst average estimate of $52.65 million. The reported number represents a year-over-year change of +2.2%.
Shares of LegalZoom have returned -8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About LegalZoom (LZ) Q4 Earnings
LegalZoom (LZ - Free Report) reported $158.66 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.2%. EPS of $0.13 for the same period compares to $0.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $156.25 million, representing a surprise of +1.54%. The company delivered an EPS surprise of +30.00%, with the consensus EPS estimate being $0.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LegalZoom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average revenue per subscription unit (ARPU): $0.28 million versus $0.22 million estimated by three analysts on average.
- Number of business formations: 113 versus the three-analyst average estimate of 128.
- Average Order Value: $242 versus the three-analyst average estimate of $239.21.
- Number of Transactions units: 215 versus 218 estimated by three analysts on average.
- Number of subscription units: 1,545 versus 1,546 estimated by three analysts on average.
- Subscription revenue: $106.74 million compared to the $102.79 million average estimate based on four analysts. The reported number represents a change of +17.3% year over year.
- Transaction revenue: $51.92 million versus the four-analyst average estimate of $52.65 million. The reported number represents a year-over-year change of +2.2%.
View all Key Company Metrics for LegalZoom here>>>Shares of LegalZoom have returned -8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.