Why Did LegalZoom Stock Drop 27% Last Month? [Yahoo! Finance]
LegalZoom.com, Inc. (LZ)
Company Research
Source: Yahoo! Finance
its quarterly earnings report, then extended those losses throughout the rest of the month. Quarterly earnings raised concerns Investors were disappointed when LegalZoom published quarterly financial results on May 7. The company fell just short of analyst expectations for both sales and earnings, though the headline figures were roughly in line with the company's forecasts. LegalZoom's guidance for next quarter suggests no additional growth, but its full-year outlook is unchanged. Those results don't seem sufficient to trigger a big drop, but it's important to consider the wider context and key performance metrics. LegalZoom is dealing with challenging economic conditions and stiff competition, and those struggles are evident in its financial results. Small businesses are an important customer segment for the online legal services company. High interest rates and economic uncertainty are bad for small business activity -- especially for business formation. It's not an attract
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News
- LegalZoom Partners with BusinessLoans.com to Offer Small Businesses Greater Access to Capital [Yahoo! Finance]Yahoo! Finance
- LegalZoom Partners with BusinessLoans.com to Offer Small Businesses Greater Access to CapitalGlobeNewswire
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of LegalZoom.com, Inc. (NASDAQ: LZ) and Encourages Investors to Contact the FirmAccesswire
- Could The Market Be Wrong About LegalZoom.com, Inc. (NASDAQ:LZ) Given Its Attractive Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Why Are LegalZoom Shares Still Struggling? [Seeking Alpha]Seeking Alpha
LZ
Earnings
- 5/7/24 - Beat
LZ
Sec Filings
- 6/10/24 - Form 8-K
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- LZ's page on the SEC website