Wall Street analysts expect Information Services Group, Inc. (NASDAQ:III) to announce earnings per share (EPS) of $0.09 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Information Services Group’s earnings, with estimates ranging from $0.08 to $0.10. Information Services Group reported earnings per share of $0.10 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The firm is expected to report its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.39. For the next financial year, analysts expect that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.35 to $0.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Information Services Group.
Information Services Group (NASDAQ:III) last released its quarterly earnings data on Monday, August 6th. The business services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Information Services Group had a return on equity of 13.57% and a net margin of 0.47%. The company had revenue of $71.03 million for the quarter, compared to the consensus estimate of $72.18 million.
III has been the topic of several recent research reports. ValuEngine raised Information Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research raised Information Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. TheStreet raised Information Services Group from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th. Noble Financial reaffirmed a “buy” rating and set a $5.00 target price on shares of Information Services Group in a report on Tuesday, August 7th. Finally, Barrington Research reaffirmed a “buy” rating and set a $6.00 target price on shares of Information Services Group in a report on Thursday, August 2nd. Five equities research analysts have rated the stock with a buy rating, Information Services Group presently has a consensus rating of “Buy” and an average price target of $5.56.
Shares of NASDAQ III traded down $0.05 during mid-day trading on Friday, hitting $4.91. 896 shares of the stock traded hands, compared to its average volume of 124,299. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.31. Information Services Group has a twelve month low of $3.67 and a twelve month high of $5.45. The company has a market cap of $223.26 million, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.49 and a beta of 0.18.
Institutional investors and hedge funds have recently made changes to their positions in the business. ClariVest Asset Management LLC acquired a new position in Information Services Group during the 2nd quarter worth about $191,000. Creative Planning lifted its holdings in Information Services Group by 39.6% during the 2nd quarter. Creative Planning now owns 46,900 shares of the business services provider’s stock worth $192,000 after buying an additional 13,300 shares during the period. Bessemer Group Inc. lifted its holdings in Information Services Group by 410.5% during the 2nd quarter. Bessemer Group Inc. now owns 49,620 shares of the business services provider’s stock worth $204,000 after buying an additional 39,900 shares during the period. Acadian Asset Management LLC lifted its holdings in Information Services Group by 88.5% during the 2nd quarter. Acadian Asset Management LLC now owns 49,892 shares of the business services provider’s stock worth $204,000 after buying an additional 23,430 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Information Services Group by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,369 shares of the business services provider’s stock worth $211,000 after buying an additional 12,275 shares during the period. 45.26% of the stock is currently owned by hedge funds and other institutional investors.
About Information Services Group
Information Services Group, Inc operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.
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