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

Information Services

06/11/2024 03:42

* Information Services Group Inc  III.OQ   III.O  is
expected
to show a fall in quarterly revenue when it reports  results on
November 7 for the period ending September 30 2024
    * The Stamford Connecticut-based  company is expected to
report a
15.7% decrease in revenue to $60.503 million from $71.77 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on October 2 2024, for
the period ended September 30, was for revenue between $60.00
million and $61.00 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Information
Services Group Inc is $6.63​, above​ its last closing price
of $3.13. ​​​

The company's guidance on October 2 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD60 million and USD7
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  
 Jun. 30 2024  0.06        0.06       0.08      Beat    45.5
 Mar. 31 2024  0.06        0.06       0.01      Missed  -82.8
 Dec. 31 2023  0.09        0.10       0.06      Missed  -38.5​
 Jan. 1 0001   0.10        0.10       0.11      Beat    10
 ​​Jan.        0.10        0.09       0.11      Beat    17
 1 0001                                                 
 Mar. 31 2023  0.12        0.11       0.12      Beat    9.1​
 Dec. 31 2022  0.13        0.12       0.13      Beat    10.6
 Sep. 30 2022  0.10        0.09       0.14      Beat    51.4
 This summary was machine generated November 6 at 03:42 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)