Information Services Group Inc expected to post earnings of 6 cents a share - Earnings Preview

Information Services

03/08/2024 03:53

* Information Services Group Inc  III.OQ   III.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 5 for the period ending June 30 2024
    * The Stamford Connecticut-based  company is expected to
report a
12.2% decrease in revenue to $65.508 million from $74.61 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $65.00 million and
$67.00 million.
    * ​LSEG's mean analyst estimate for Information Services
Group Inc
is for earnings of 6 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Information
Services Group Inc is $5.90​, above​ its last closing price
of $3.26. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD65 million and USD8 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.06        0.06       0.01      Missed  -82.8
 Dec. 31 2024  0.09        0.10       0.06      Missed  -38.5
 Sep. 30 2023  0.10        0.10       0.11      Beat    10​
 Jun. 30 2023  0.10        0.09       0.11      Beat    17
 ​​Mar.        0.12        0.11       0.12      Beat    9.1
 31 2023                                                
 Jan. 1 0001   0.13        0.12       0.13      Beat    10.6​
 Jan. 1 0001   0.10        0.09       0.14      Beat    51.4
 Jun. 30 2022  0.10        0.09       0.13      Beat    48.6
 This summary was machine generated August 3 at 02:53 GMT.  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)