Brief: ASGN Q2 Adjusted EPS USD 1.17 Vs. IBES Estimate USD 1.08

Everforth

23/07/2025 21:05

Overview

ASGN Q2 revenue of $1.02 bln beats analyst expectations, per LSEG data

Adjusted EPS of $1.17 exceeds analyst estimates, per LSEG data

Co repurchased 200,000 shares for $9.5 mln during the quarter

Outlook

ASGN sees Q3 2025 revenue between $992 mln and $1.012 bln

Company expects Q3 2025 net income in the range of  $35.8 mln to $39.4 mln

ASGN projects Q3 2025 adjusted EBITDA of $108.5 mln to $113.5 mln

Company notes macroeconomic uncertainty impacting discretionary spending

Result Drivers

IT CONSULTING GROWTH - IT consulting revenues reached 63% of total revenues, driven by demand for cloud and data solutions

TOPBLOC CONTRIBUTION - Recent acquisition TopBloc performed above expectations

MACROECONOMIC IMPACT - Commercial segment faced softness in assignment revenues due to macroeconomic uncertainties

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.02 bln
$995.50 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.17
$1.08 (7 Analysts)
Q2 Adjusted Net Income
Beat
$51.60 mln
$47.50 mln (7 Analysts)

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 $59.00, about 15.7% above its July 22 closing price of $49.73

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw7KGyVsa

(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.)