Brokerages Expect Information Services Group, Inc. Common Stock (III) Will Announce Earnings of $0.09 Per Share

Wall Street analysts predict that Information Services Group, Inc. Common Stock (NASDAQ:III) will announce $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Information Services Group, Inc. Common Stock’s earnings, with estimates ranging from $0.08 to $0.10. Information Services Group, Inc. Common Stock posted earnings of $0.10 per share during the same quarter last year, which would suggest a negative year over year growth rate of 10%. The company is expected to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Information Services Group, Inc. Common Stock will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.39. For the next financial year, analysts anticipate that the business will post earnings of $0.40 per share, with EPS estimates ranging from $0.35 to $0.43. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Information Services Group, Inc. Common Stock.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Information Services Group, Inc. Common Stock from a “d+” rating to a “c-” rating in a research report on Tuesday, September 4th. ValuEngine raised shares of Information Services Group, Inc. Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research raised shares of Information Services Group, Inc. Common Stock from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Thursday, August 9th. Noble Financial reissued a “buy” rating and set a $5.00 price objective on shares of Information Services Group, Inc. Common Stock in a research report on Tuesday, August 7th. Finally, Barrington Research reissued a “buy” rating and set a $6.00 price objective on shares of Information Services Group, Inc. Common Stock in a research report on Thursday, August 2nd. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $5.56.

NASDAQ:III traded up $0.01 during trading hours on Friday, reaching $4.99. The company had a trading volume of 84,705 shares, compared to its average volume of 115,240. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.31. Information Services Group, Inc. Common Stock has a 52 week low of $3.57 and a 52 week high of $5.45. The company has a market cap of $225.51 million, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.18.

Several hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC bought a new position in Information Services Group, Inc. Common Stock in the 2nd quarter worth $191,000. Creative Planning boosted its holdings in Information Services Group, Inc. Common Stock by 39.6% in the 2nd quarter. Creative Planning now owns 46,900 shares of the business services provider’s stock worth $192,000 after buying an additional 13,300 shares during the period. Bessemer Group Inc. boosted its holdings in Information Services Group, Inc. Common Stock by 410.5% in the 2nd quarter. Bessemer Group Inc. now owns 49,620 shares of the business services provider’s stock worth $204,000 after buying an additional 39,900 shares during the period. Acadian Asset Management LLC boosted its holdings in Information Services Group, Inc. Common Stock by 88.5% in the 2nd quarter. Acadian Asset Management LLC now owns 49,892 shares of the business services provider’s stock worth $204,000 after buying an additional 23,430 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Information Services Group, Inc. Common Stock by 32.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,369 shares of the business services provider’s stock worth $211,000 after buying an additional 12,275 shares during the period. 45.52% of the stock is owned by hedge funds and other institutional investors.

Information Services Group, Inc. Common Stock 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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Earnings History and Estimates for Information Services Group, Inc. Common Stock (NASDAQ:III)

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