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LegalZoom (LZ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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LegalZoom (LZ - Free Report) reported $177.36 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 5%. EPS of $0.10 for the same period compares to $0.10 a year ago.
The reported revenue represents a surprise of +2.90% over the Zacks Consensus Estimate of $172.36 million. With the consensus EPS estimate being $0.09, the EPS surprise was +11.11%.
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)
: $0.27 million versus $0.27 million estimated by four analysts on average.
Number of subscription units
: 1,609 versus 1,627 estimated by four analysts on average.
Average Order Value
: $234 versus the four-analyst average estimate of $221.77.
Number of Transactions units
: 292 versus the four-analyst average estimate of 278.
Number of business formations
: 134 versus the three-analyst average estimate of 135.
Revenue- Subscription
: $108.83 million versus $110.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.
Revenue- Transaction
: $68.54 million compared to the $62.11 million average estimate based on four analysts. The reported number represents a change of +13.3% year over year.
Shares of LegalZoom have returned -25.2% over the past month versus the Zacks S&P 500 composite's -5.9% 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.
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LegalZoom (LZ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
LegalZoom (LZ - Free Report) reported $177.36 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 5%. EPS of $0.10 for the same period compares to $0.10 a year ago.
The reported revenue represents a surprise of +2.90% over the Zacks Consensus Estimate of $172.36 million. With the consensus EPS estimate being $0.09, the EPS surprise was +11.11%.
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:
View all Key Company Metrics for LegalZoom here>>>Average revenue per subscription unit (ARPU)
: $0.27 million versus $0.27 million estimated by four analysts on average.Number of subscription units
: 1,609 versus 1,627 estimated by four analysts on average.Average Order Value
: $234 versus the four-analyst average estimate of $221.77.Number of Transactions units
: 292 versus the four-analyst average estimate of 278.Number of business formations
: 134 versus the three-analyst average estimate of 135.Revenue- Subscription
: $108.83 million versus $110.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change.Revenue- Transaction
: $68.54 million compared to the $62.11 million average estimate based on four analysts. The reported number represents a change of +13.3% year over year.Shares of LegalZoom have returned -25.2% over the past month versus the Zacks S&P 500 composite's -5.9% 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.