ASGN Q4 revenue slightly beats expectations

Everforth

04/02/2026 21:12

Overview

IT solutions provider's Q4 revenue slightly beat analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company had announced it would acquire Quinnox Inc. for $290 mln to boost digital engineering

Outlook

ASGN projects Q1 2026 revenue between $960 mln and $980 mln

Company expects Q1 2026 adjusted EBITDA between $93.5 mln and $98.5 mln

Result Drivers

IT CONSULTING - IT consulting revenues increased to 63% of total revenues, driven by growth in the Commercial Segment

COMMERCIAL SEGMENT GROWTH - Growth in healthcare and consumer industries contributed to Commercial Segment revenue increase

FEDERAL SEGMENT DECLINE - Federal Government Segment revenues declined due to loss of higher margin contracts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$980.10 mln
$973.27 mln (7 Analysts)
Q4 Adjusted EPS
Miss
$1.15
$1.18 (7 Analysts)
Q4 Adjusted Net Income
Miss
$49.20 mln
$50.71 mln (7 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for ASGN Inc is $54.50, about 7.3% above its February 3 closing price of $50.77

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw2kjCfWa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)