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What Analyst Projections for Key Metrics Reveal About LegalZoom (LZ) Q1 Earnings
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In its upcoming report, LegalZoom (LZ - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.10 per share, reflecting an increase of 42.9% compared to the same period last year. Revenues are forecasted to be $174.87 million, representing a year-over-year increase of 5.4%.
The consensus EPS estimate for the quarter has undergone a downward revision of 17.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some LegalZoom metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Subscription revenue' should come in at $109.72 million. The estimate points to a change of +12.8% from the year-ago quarter.
Analysts forecast 'Transaction revenue' to reach $65.16 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Number of subscription units' will likely reach 1,546. Compared to the present estimate, the company reported 1,501 in the same quarter last year.
It is projected by analysts that the 'Number of Transactions units' will reach 317. Compared to the present estimate, the company reported 308 in the same quarter last year.
The average prediction of analysts places 'Average Order Value' at $203.01. The estimate is in contrast to the year-ago figure of $202.
Analysts expect 'Number of business formations' to come in at 172. Compared to the present estimate, the company reported 170 in the same quarter last year.
LegalZoom shares have witnessed a change of -9% in the past month, in contrast to the Zacks S&P 500 composite's -1.6% move. With a Zacks Rank #3 (Hold), LZ is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About LegalZoom (LZ) Q1 Earnings
In its upcoming report, LegalZoom (LZ - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.10 per share, reflecting an increase of 42.9% compared to the same period last year. Revenues are forecasted to be $174.87 million, representing a year-over-year increase of 5.4%.
The consensus EPS estimate for the quarter has undergone a downward revision of 17.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some LegalZoom metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Subscription revenue' should come in at $109.72 million. The estimate points to a change of +12.8% from the year-ago quarter.
Analysts forecast 'Transaction revenue' to reach $65.16 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Number of subscription units' will likely reach 1,546. Compared to the present estimate, the company reported 1,501 in the same quarter last year.
It is projected by analysts that the 'Number of Transactions units' will reach 317. Compared to the present estimate, the company reported 308 in the same quarter last year.
The average prediction of analysts places 'Average Order Value' at $203.01. The estimate is in contrast to the year-ago figure of $202.
Analysts expect 'Number of business formations' to come in at 172. Compared to the present estimate, the company reported 170 in the same quarter last year.
View all Key Company Metrics for LegalZoom here>>>
LegalZoom shares have witnessed a change of -9% in the past month, in contrast to the Zacks S&P 500 composite's -1.6% move. With a Zacks Rank #3 (Hold), LZ is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>