Information Services Group, Inc. (III) Expected to Announce Earnings of $0.06 Per Share
Brokerages predict that Information Services Group, Inc. (NASDAQ:III) will announce $0.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Information Services Group’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.08. Information Services Group reported earnings per share of $0.02 in the same quarter last year, which would indicate a positive year over year growth rate of 200%. The company is scheduled to announce its next earnings report on Monday, November 6th.
On average, analysts expect that Information Services Group will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.29 to $0.31. For the next fiscal year, analysts forecast that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.19 to $0.35. Zacks’ 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 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $68.04 million during the quarter, compared to the consensus estimate of $71.18 million. Information Services Group had a negative return on equity of 10.15% and a negative net margin of 3.46%.
A number of equities research analysts have recently weighed in on III shares. ValuEngine raised Information Services Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Noble Financial reissued a “buy” rating on shares of Information Services Group in a research note on Friday, June 9th. Zacks Investment Research raised Information Services Group from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Thursday, July 6th. Finally, B. Riley reissued a “buy” rating and issued a $6.50 target price on shares of Information Services Group in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $5.50.
Shares of Information Services Group (NASDAQ III) traded down 0.54% during midday trading on Wednesday, hitting $3.67. The stock had a trading volume of 420 shares. The firm’s 50-day moving average price is $3.80 and its 200-day moving average price is $3.61. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.32. The stock’s market cap is $158.85 million.
In other Information Services Group news, EVP Thomas S. Kucinski purchased 15,000 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $3.65 per share, with a total value of $54,750.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 35,947 shares of company stock valued at $132,397 in the last ninety days. 12.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Information Services Group by 76.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock worth $114,000 after acquiring an additional 12,098 shares during the period. Rhumbline Advisers grew its holdings in shares of Information Services Group by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock worth $135,000 after acquiring an additional 1,890 shares during the period. Oxford Asset Management purchased a new position in shares of Information Services Group during the 1st quarter worth approximately $119,000. Dimensional Fund Advisors LP purchased a new position in shares of Information Services Group during the 2nd quarter worth approximately $188,000. Finally, SG Americas Securities LLC purchased a new position in shares of Information Services Group during the 1st quarter worth approximately $180,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.
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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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