Analysts expect Information Services Group, Inc. (NASDAQ:III) to announce sales of $71.18 million for the current quarter, according to Zacks. Four analysts have made estimates for Information Services Group’s earnings, with the highest sales estimate coming in at $73.17 million and the lowest estimate coming in at $68.00 million. Information Services Group posted sales of $60.35 million during the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, August 7th.

According to Zacks, analysts expect that Information Services Group will report full-year sales of $71.18 million for the current financial year, with estimates ranging from $273.89 million to $280.04 million. For the next fiscal year, analysts anticipate that the company will post sales of $291.98 million per share, with estimates ranging from $287.36 million to $295.00 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Information Services Group.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, May 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Information Services Group had a negative net margin of 2.75% and a negative return on equity of 13.06%. The company had revenue of $66.56 million during the quarter, compared to analyst estimates of $64.50 million.

III has been the subject of a number of research analyst reports. TheStreet downgraded shares of Information Services Group from a “c-” rating to a “d” rating in a report on Friday, March 24th. Noble Financial reiterated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, B. Riley restated a “buy” rating and set a $6.50 target price on shares of Information Services Group in a report on Saturday, May 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $5.67.

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In other Information Services Group news, CEO Michael P. Connors purchased 15,727 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $3.81 per share, for a total transaction of $59,919.87. Following the completion of the transaction, the chief executive officer now owns 4,153,830 shares in the company, valued at $15,826,092.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.00% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. boosted its stake in shares of Information Services Group by 6.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 2,077,887 shares of the business services provider’s stock valued at $6,545,000 after buying an additional 132,490 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Information Services Group by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,895,390 shares of the business services provider’s stock worth $6,899,000 after buying an additional 78,179 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Information Services Group by 1.8% in the first quarter. Blair William & Co. IL now owns 1,294,629 shares of the business services provider’s stock worth $4,104,000 after buying an additional 23,050 shares during the last quarter. Weber Alan W boosted its stake in shares of Information Services Group by 0.9% in the first quarter. Weber Alan W now owns 1,045,050 shares of the business services provider’s stock worth $3,292,000 after buying an additional 9,000 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Information Services Group by 3.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 841,261 shares of the business services provider’s stock worth $2,650,000 after buying an additional 31,261 shares during the last quarter. 41.08% of the stock is owned by institutional investors and hedge funds.

Shares of Information Services Group (III) traded down 2.18% during mid-day trading on Thursday, hitting $4.04. 27,858 shares of the stock traded hands. The firm’s market cap is $173.91 million. Information Services Group has a 12-month low of $2.95 and a 12-month high of $4.32. The firm’s 50 day moving average price is $4.06 and its 200 day moving average price is $3.50.

About Information Services Group

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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