Information Services Group, Inc. (NASDAQ:III) Expected to Post Earnings of $0.08 Per Share

Analysts predict that Information Services Group, Inc. (NASDAQ:III) will report earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Information Services Group’s earnings, with estimates ranging from $0.07 to $0.09. Information Services Group posted earnings per share of $0.05 during the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The company is expected to issue its next quarterly earnings report on Thursday, March 12th.

According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.26 to $0.28. For the next financial year, analysts forecast that the firm will post earnings of $0.26 per share, with EPS estimates ranging from $0.25 to $0.26. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Information Services Group.

Several equities research analysts have recently weighed in on III shares. Barrington Research reissued a “hold” rating on shares of Information Services Group in a research report on Wednesday, November 13th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Noble Financial reiterated a “buy” rating and issued a $5.25 price target on shares of Information Services Group in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $4.75.

A number of institutional investors have recently added to or reduced their stakes in III. Private Capital Management LLC increased its stake in Information Services Group by 23.9% during the second quarter. Private Capital Management LLC now owns 5,662,301 shares of the business services provider’s stock valued at $17,893,000 after purchasing an additional 1,091,737 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Information Services Group during the second quarter valued at $448,000. Vanguard Group Inc. increased its stake in Information Services Group by 3.6% during the second quarter. Vanguard Group Inc. now owns 2,091,469 shares of the business services provider’s stock valued at $6,609,000 after purchasing an additional 72,601 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Information Services Group by 41.3% during the third quarter. Wedge Capital Management L L P NC now owns 245,320 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 71,762 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in Information Services Group by 11.2% during the second quarter. Equitable Trust Co. now owns 319,687 shares of the business services provider’s stock valued at $1,010,000 after purchasing an additional 32,070 shares during the last quarter. 52.29% of the stock is owned by hedge funds and other institutional investors.

NASDAQ III traded down $0.02 during trading hours on Friday, reaching $2.30. 27,850 shares of the company traded hands, compared to its average volume of 56,766. Information Services Group has a 12 month low of $2.14 and a 12 month high of $4.50. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $110.28 million, a PE ratio of 10.45, a PEG ratio of 1.02 and a beta of 0.44. The company has a 50 day moving average of $2.36 and a two-hundred day moving average of $2.66.

Information Services Group Company Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

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Earnings History and Estimates for Information Services Group (NASDAQ:III)

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