Wall Street analysts expect that Information Services Group, Inc. (NASDAQ:III) will post $0.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Information Services Group’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.08. Information Services Group posted earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The firm is scheduled to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Information Services Group will report full-year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.31. For the next fiscal year, analysts forecast that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.19 to $0.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Information Services Group.
Information Services Group (NASDAQ:III) last posted its earnings results on Monday, August 7th. The business services provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Information Services Group had a negative return on equity of 10.15% and a negative net margin of 3.46%. The firm had revenue of $68.04 million during the quarter, compared to analyst estimates of $71.18 million.
A number of analysts have recently issued reports on III shares. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research report on Tuesday, August 8th. B. Riley reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a research report on Monday, August 14th. ValuEngine raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut Information Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $5.50.
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In other news, EVP Thomas S. Kucinski purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $3.65 per share, with a total value of $54,750.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have purchased 35,947 shares of company stock valued at $132,397. 12.00% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in III. Northern Right Capital Management L.P. lifted its holdings in Information Services Group by 66.2% during the 2nd quarter. Northern Right Capital Management L.P. now owns 723,689 shares of the business services provider’s stock worth $2,974,000 after purchasing an additional 288,181 shares during the last quarter. Pointe Capital Management LLC acquired a new stake in Information Services Group during the 2nd quarter worth approximately $657,000. Russell Investments Group Ltd. lifted its holdings in Information Services Group by 9.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,427,740 shares of the business services provider’s stock worth $5,868,000 after purchasing an additional 118,210 shares during the last quarter. Manatuck Hill Partners LLC acquired a new stake in Information Services Group during the 2nd quarter worth approximately $377,000. Finally, SG Americas Securities LLC acquired a new stake in Information Services Group during the 1st quarter worth approximately $180,000. 41.85% of the stock is owned by institutional investors and hedge funds.
Shares of Information Services Group (NASDAQ III) traded up 2.23% on Wednesday, reaching $3.67. The company’s stock had a trading volume of 15,753 shares. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.32. The firm’s market cap is $158.85 million. The company’s 50 day moving average is $3.74 and its 200-day moving average is $3.63.
Information Services Group Company Profile
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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