I3 Verticals Inc reports results for the quarter ended September 30 - Earnings Summary

i3 Verticals

19/11/2024 16:06

* I3 Verticals Inc  IIIV.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 40 cents.  The mean expectation of six analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 12 cents to 23 cents per share.
    * Revenue fell 36.9% to $60.86 million from a year ago;
analysts
expected $61.25 million. 
    * I3 Verticals Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $11.15
million.
    * I3 Verticals Inc shares had risen by 14.5% this
quarter and
gained 15.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 November 19 at
04:06 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
 Sep. 30 2024      0.17           0.15           Missed
 Jun. 30 2024      0.36           0.07           Missed
 Mar. 31 2024      0.38           0.34           Missed
 Dec. 31 2023      0.37           0.36           Missed