IT staffing firm ASGN Q3 adjusted EPS beats estimates on growth in consulting business

Everforth

22/10/2025 21:28

Overview

ASGN Q3 revenue was $1.01 bln, sligthly beating analyst expectations

Adjusted EPS for Q3 was $1.31, surpassing consensus estimates

Company repurchased 0.9 mln shares for $46 mln, reflecting confidence in financial position

Outlook

Company expects Q4 2025 revenue between $960 mln and $980 mln

ASGN projects Q4 adjusted EBITDA to be $102 mln to $107 mln

Company anticipates Q4 earnings per share between $0.75 and $0.83

Result Drivers

IT CONSULTING GROWTH - IT consulting business grew to 63% of total revenues, up from 58% in the previous year

AI INVESTMENT - Ongoing investment in AI highlights significant commitment to digital advancement

COMMERCIAL SEGMENT - Commercial segment consulting revenues increased by 17.5% year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight beat*
$1.01 bln
$1 bln (7 Analysts)
Q3 Adjusted EPS
Beat
$1.31
$1.22 (7 Analysts)
Q3 Adjusted Net Income
Beat
$57.30 mln
$53.70 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 $54.00, about 11.1% above its October 21 closing price of $48.02

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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

Press Release: ID:nBw4v1QNga

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(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.)