Information Services Group Inc reports results for the quarter ended in December - Earnings Summary

Information Services

08/03/2024 22:06

* Information Services Group Inc  III.OQ  reported quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
five analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 9 cents to 10
cents per share.
    * Revenue fell 10.8% to $66.19 million from a year ago;
analysts
expected $68.93 million. 
    * Information Services Group Inc's reported EPS for the
quarter
was a loss of 6 cents​.
    * The company reported a quarterly loss of $2.87 million.
    * Information Services Group Inc shares had fallen by 7.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the it services &
consulting peer group is also "strong buy"

Wall Street's median 12-month price target for Information
Services Group Inc is $8.70 
This summary was machine generated from LSEG data March 8 at
10:06 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
 Dec. 31 2023      0.10           0.06           Missed
 Sep. 30 2023      0.10           0.11           Beat
 Jun. 30 2023      0.09           0.11           Beat
 Mar. 31 2023      0.11           0.12           Beat