Information Services Group, Inc. (III) Expected to Announce Quarterly Sales of $72.67 Million
Analysts expect Information Services Group, Inc. (NASDAQ:III) to announce sales of $72.67 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Information Services Group’s earnings, with the lowest sales estimate coming in at $72.00 million and the highest estimate coming in at $74.00 million. Information Services Group posted sales of $66.61 million in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, March 13th.
On average, analysts expect that Information Services Group will report full year sales of $280.54 million for the current financial year, with estimates ranging from $279.87 million to $281.87 million. For the next year, analysts forecast that the firm will post sales of $297.29 million, with estimates ranging from $290.77 million to $300.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Information Services Group.
III has been the topic of several recent research reports. ValuEngine upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research upgraded shares of Information Services Group from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Thursday, August 9th. Noble Financial restated a “buy” rating and set a $5.00 target price on shares of Information Services Group in a research note on Tuesday, August 7th. Barrington Research restated a “buy” rating and set a $6.00 target price on shares of Information Services Group in a research note on Thursday, August 2nd. Finally, TheStreet upgraded shares of Information Services Group from a “d+” rating to a “c-” rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Information Services Group currently has an average rating of “Buy” and an average target price of $5.25.
Shares of NASDAQ:III opened at $4.17 on Friday. Information Services Group has a twelve month low of $3.83 and a twelve month high of $5.45. The company has a current ratio of 2.44, a quick ratio of 2.16 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $184.02 million, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.23 and a beta of 0.31.
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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