Online legal service provider LegalZoom (NASDAQ:LZ) will be reporting earnings tomorrow after market hours. Here's what to look for.

LegalZoom beat analysts' revenue expectations by 1.3% last quarter, reporting revenues of $158.7 million, up 8.2% year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and slow revenue growth. It reported 1.55 million users, up 7.2% year on year.

Is LegalZoom a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting LegalZoom's revenue to grow 5.7% year on year to $175.4 million, slowing from the 6.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. LegalZoom has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 2.7% on average.

Looking at LegalZoom's peers in the online marketplace segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MercadoLibre delivered year-on-year revenue growth of 36%, beating analysts' expectations by 12.1%, and Remitly reported revenues up 32%, falling short of estimates by 1.7%. MercadoLibre traded up 8.2% following the results while Remitly was down 12.2%.

Read our full analysis of MercadoLibre's results here and Remitly's results here.

Investors in the online marketplace segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. LegalZoom is down 9.8% during the same time and is heading into earnings with an average analyst price target of $14.2 (compared to the current share price of $11.93).

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