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

i3 Verticals

10/08/2024 24:27

* I3 Verticals Inc  IIIV.OQ  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 36 cents per share. Wall Street expected
results to range from 33 cents to 41 cents per share.
    * Revenue fell 40.3% to $56.04 million from a year ago;
analysts
expected $96.43 million. 
    * I3 Verticals Inc's reported EPS for the quarter was a loss
of 32
cents​.
    * The company reported a quarterly loss of $7.55 million.
    * I3 Verticals Inc shares had risen by 9.7% this quarter and
gained 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $28.50 
This summary was machine generated from LSEG data August 9 at
11:27 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
 Jun. 30 2024      0.36           0.07           Missed
 Mar. 31 2024      0.38           0.34           Missed
 Dec. 31 2023      0.40           0.36           Missed
 Sep. 30 2023      0.40           0.40           Met