MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company's existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approxima ...

MOUNTAIN VIEW, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that its Board of Directors has authorized an increase of $75 million to the Company's existing stock repurchase program, bringing the aggregate amount authorized to $175 million. As of May 21, 2024, the Company has repurchased approximately 5.9 million shares of its common stock under the program at an average price of $10.10 per share for approxima ...

A live audio webcast and replay of the Jefferies Software Conference presentation will be available on the LegalZoom Investor Relations website at https://investors.legalzoom.com. About LegalZoom investor@legalzoom.com MOUNTAIN VIEW, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that Dan Wernikoff, Chief Executive Officer, and Noel Watson, Chief Financial Officer, will participate in the following upcoming inv ...

MOUNTAIN VIEW, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- LegalZoom.com, Inc. (Nasdaq: LZ), the No. 1 choice in online small business formations, today announced that Dan Wernikoff, Chief Executive Officer, and Noel Watson, Chief Financial Officer, will participate in the following upcoming investor conferences: A live audio webcast and replay of the Jefferies Software Conference presentation will be available on the LegalZoom Investor Relations website at https://investors.legalzoom.com. About LegalZoom Lega ...

Core Viewpoint - LegalZoom (LZ) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that affect stock prices [4]. LegalZoom's Earnings Outlook - LegalZoom's earnings estimates for the fiscal year ending December 2024 are projected at $0.53 per share, reflecting a 29.3% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for LegalZoom has risen by 8.1%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - LegalZoom's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [11].

The market was clearly unimpressed by the company's inaugural quarterly earnings release of the year.Although the broader stock market traded flat on Wednesday, numerous titles were outliers in terms of their price movements. Unfortunately for its investors, LegalZoom (LZ -23.87%) was one of them, and not positively. The company's share price tumbled by nearly 24% after it divulged first-quarter results.A pair of narrow quarterly missesThose figures were made public after market hours Tuesday, and they reve ...

LegalZoom (LZ) reported $174.21 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5%. EPS of $0.09 for the same period compares to $0.07 a year ago.The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $174.87 million. With the consensus EPS estimate being $0.10, the EPS surprise was -10.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

LegalZoom (LZ) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this online platform for legal services would post earnings of $0.10 per share when it actually produced earnings of $0.13, delivering a surprise of 30%.Over the last four quarters ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the three months ended March 31, 2024 Commission file number 001-35618 LegalZoom.com, Inc. (Exact name of registrant as specified in its charter) ___________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identific ...

Exhibit 99.1 Noel Watson, LegalZoom's Chief Financial Officer added, "Our solid execution enabled us to achieve our revenue expectations despite a weaker than expected macro environment. Adjusted EBITDA exceeded our expectations, growing 28% year-over-year as we balance investing in growth and driving operational efficiencies in our business." First Quarter 2024 Highlights • Revenue of $174.2 million for the quarter, an increase of 5% year-over-year • Subscription revenue of $107.9 million for the quarter, ...