I3 Verticals Inc reports results for the quarter ended in December - Earnings Summary

i3 Verticals

08/02/2024 23:24

* I3 Verticals Inc  IIIV.OQ  reported quarterly adjusted
earnings
of 36 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 37 cents.  The mean expectation of six analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 33 cents to 38 cents per share.
    * Revenue rose 6.9% to $91.99 million from a year ago;
analysts
expected $93.34 million. 
    * I3 Verticals Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $1.1 million.
    * I3 Verticals Inc shares had fallen by 12.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for I3 Verticals Inc
is $28.00 
This summary was machine generated from LSEG data February 8 at
11:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.37           0.36           Missed
 Sep. 30 2023      0.40           0.40           Met
 Jun. 30 2023      0.37           0.38           Beat
 Mar. 31 2023      0.38           0.38           Met