Information Services Group Inc reports results for the quarter ended September 30 - Earnings Summary

Information Services

08/11/2024 21:01

* Information Services Group Inc  III.OQ  reported quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 11 cents.  The mean expectation of
five analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 5 cents to 6
cents per share.
    * Revenue fell 14.6% to $61.28 million from a year ago;
analysts
expected $60.50 million. 
    * Information Services Group Inc's reported EPS for the
quarter
was 2 cents​.
    * The company reported quarterly net income of $1.15
million.
    * Information Services Group Inc shares had risen by 0.9%
this
quarter and lost 29.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $5.13 
This summary was machine generated from LSEG data November 8 at
09:00 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
 Jan. 1 0001       0.06           0.05           Missed
 Jun. 30 2024      0.06           0.08           Beat
 Mar. 31 2024      0.06           0.01           Missed
 Dec. 31 2023      0.10           0.06           Missed