Canada's ISC beats revenue expectations on higher transactions, real estate value

Information Services

05/11/2025 01:33

Overview

Information Services Corporation's Q3 revenue of C$65.6 mln beat analysts' expectations, driven by Registry Operations

Net income for Q3 rises to C$8.5 mln, supported by an increase in real estate values and higher transaction volumes

Outlook

ISC reaffirms 2025 adjusted EBITDA guidance at middle to higher end of range

Company expects 2025 revenue at lower end of C$257 mln to C$267 mln range

Declining interest rates to support Saskatchewan real estate market activity

Result Drivers

LAND REGISTRY - Increased real estate values and transaction volumes in Saskatchewan drove growth in Registry Operations

SERVICES SEGMENT - Resilient and diversified Services segment contributed to revenue growth

LOWER INTEREST RATES - Reduced interest rates and lower debt levels supported net income growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$65.62 mln
C$65.18 mln (3 Analysts)
Q3 EPS
C$0.45
Q3 Adjusted Net Income
C$15.99 mln
Q3 Net Income
C$8.50 mln
Q3 Adjusted EBITDA
C$27.59 mln
Q3 Adjusted EBITDA Margin
42%
Q3 Basic EPS
C$0.46


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for Information Services Corp is C$36.00, about 0.1% above its November 4 closing price of C$35.98

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNXfKmtW

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)