Zacks: Analysts Expect Information Services Group, Inc. (III) Will Post Earnings of $0.06 Per Share

Wall Street brokerages expect Information Services Group, Inc. (NASDAQ:III) to announce $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Information Services Group’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.04. Information Services Group posted earnings of ($0.01) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 700%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 9th.

On average, analysts expect that Information Services Group will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.34 to $0.41. For the next financial year, analysts expect that the business will report earnings of $0.43 per share, with EPS estimates ranging from $0.41 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Information Services Group.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Wednesday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Information Services Group had a positive return on equity of 9.66% and a negative net margin of 0.79%. The company had revenue of $66.61 million for the quarter, compared to the consensus estimate of $69.34 million.

A number of research analysts have issued reports on the company. Barrington Research restated a “buy” rating and issued a $6.00 price objective on shares of Information Services Group in a research note on Tuesday. B. Riley restated a “buy” rating on shares of Information Services Group in a research note on Tuesday, March 13th. Zacks Investment Research downgraded Information Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, Noble Financial restated a “buy” rating on shares of Information Services Group in a research note on Friday, March 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $5.67.

NASDAQ:III traded up $0.03 during trading on Friday, reaching $4.23. The company’s stock had a trading volume of 21,278 shares, compared to its average volume of 53,420. The company has a market capitalization of $182.18, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.43 and a beta of 0.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.95 and a quick ratio of 1.95. Information Services Group has a 12 month low of $3.06 and a 12 month high of $4.63.

Several hedge funds and other institutional investors have recently modified their holdings of III. The Manufacturers Life Insurance Company lifted its holdings in 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 purchasing an additional 12,098 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Information Services Group by 82.7% during the 3rd quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock worth $128,000 after purchasing an additional 14,444 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Information Services Group by 7,572.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after purchasing an additional 39,150 shares in the last quarter. Deutsche Bank AG lifted its holdings in Information Services Group by 146.9% during the 4th quarter. Deutsche Bank AG now owns 72,627 shares of the business services provider’s stock worth $301,000 after purchasing an additional 43,207 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in Information Services Group by 10.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 194,450 shares of the business services provider’s stock worth $811,000 after purchasing an additional 19,117 shares in the last quarter. 44.82% of the stock is currently owned by hedge funds and other institutional investors.

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Information Services Group Company Profile

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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