IDI, Inc. (COGT) Expected to Announce Earnings of -$0.16 Per Share
Analysts expect IDI, Inc. (NASDAQ:COGT) to announce ($0.16) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for IDI’s earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.18). IDI posted earnings of ($0.11) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 45.5%. The company is scheduled to issue its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that IDI will report full-year earnings of ($0.86) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.81). For the next fiscal year, analysts expect that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.27) to ($0.07). Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover IDI.
A number of brokerages have commented on COGT. Zacks Investment Research downgraded shares of IDI from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Roth Capital set a $8.00 price objective on shares of IDI and gave the stock a “buy” rating in a research report on Tuesday, August 8th.
A number of institutional investors have recently made changes to their positions in COGT. Schwab Charles Investment Management Inc. raised its position in IDI by 328.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock worth $480,000 after buying an additional 79,100 shares during the last quarter. Wells Fargo & Company MN raised its position in IDI by 1,009.3% during the 1st quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in IDI during the 1st quarter worth $179,000. Dynamic Technology Lab Private Ltd purchased a new position in IDI during the 1st quarter worth $119,000. Finally, Bank of New York Mellon Corp raised its position in IDI by 31.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,206 shares of the technology company’s stock worth $500,000 after buying an additional 23,769 shares during the last quarter. Institutional investors own 8.76% of the company’s stock.
IDI Company Profile
IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.
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