$0.09 EPS Expected for Information Services Group, Inc. (III) This Quarter

Equities analysts forecast that Information Services Group, Inc. (NASDAQ:III) will post earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Information Services Group’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.10. Information Services Group reported earnings per share of $0.10 in the same quarter last year, which suggests a negative year-over-year growth rate of 10%. The company is expected to issue its next earnings results on Wednesday, November 14th.

On average, 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 year, analysts anticipate that the firm will post earnings of $0.40 per share, with EPS estimates ranging from $0.35 to $0.43. Zacks’ earnings per share calculations 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 issued its earnings results on Monday, August 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $71.03 million for the quarter, compared to analysts’ expectations of $72.18 million. Information Services Group had a net margin of 0.47% and a return on equity of 13.57%.

Several research analysts have weighed in on III shares. TheStreet raised shares of Information Services Group from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th. ValuEngine raised shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research raised shares of Information Services Group from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Thursday, August 9th. Noble Financial reissued a “buy” rating and issued a $5.00 price target on shares of Information Services Group in a report on Tuesday, August 7th. Finally, Barrington Research reissued a “buy” rating and issued a $6.00 price target 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, The stock presently has a consensus rating of “Buy” and an average price target of $5.56.

A number of institutional investors have recently added to or reduced their stakes in III. ClariVest Asset Management LLC acquired a new position in shares of Information Services Group during the 2nd quarter worth approximately $191,000. Creative Planning grew its position in shares of 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 purchasing an additional 13,300 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of 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 purchasing an additional 23,430 shares in the last quarter. Bessemer Group Inc. grew its position in shares of 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 purchasing an additional 39,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 12,275 shares in the last quarter. 45.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of III stock traded down $0.05 on Wednesday, reaching $4.37. The stock had a trading volume of 7,183 shares, compared to its average volume of 70,126. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market cap of $215.59 million, a price-to-earnings ratio of 27.31, a PEG ratio of 1.44 and a beta of 0.10. Information Services Group has a 12 month low of $3.83 and a 12 month high of $5.45.

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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