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

Information Services

03/11/2023 16:46

* Information Services Group Inc  III.OQ  reported quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of 14 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 11
cents per share.
    * Revenue rose 4.3% to $71.77 million from a year ago;
analysts
expected $74.10 million. 
    * Information Services Group Inc's reported EPS for the
quarter
was 6 cents​.
    * The company reported quarterly net income of $3.2 million.
    * Information Services Group Inc shares had fallen by 5.9%
this
quarter and lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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
"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 $9.33 
This summary was machine generated from LSEG data November 3 at
04:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.12           0.13           Beat