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CS Disco LAW shares soared 9.3% in the last trading session to close at $5.43. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% loss over the past four weeks.
CS Disco is benefiting from strong customer engagement, strategic leadership hires, and enhanced product offerings, particularly in eDiscovery and AI capabilities.
This legal technology company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -1000%. Revenues are expected to be $36.18 million, up 1.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For CS Disco, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LAW going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CS Disco is a member of the Zacks Internet - Software industry. One other stock in the same industry, Workday WDAY, finished the last trading session 2.4% higher at $270.43. WDAY has returned 0.8% over the past month.
For Workday , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.75. This represents a change of +11.5% from what the company reported a year ago. Workday currently has a Zacks Rank of #2 (Buy).
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CS Disco, Inc. (LAW) : Free Stock Analysis Report
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