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Information Services Group (III)
NASDAQ:III
RESEARCH TOOLSreports
Holding III?
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.06Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 1.82%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
ISG delivered strong operational results with record productivity and significant debt reduction. However, overall revenues declined, particularly in Europe and Asia Pacific, affecting net income. The sale of the automation unit positions the company for future growth, and there is optimism for the U.S. market recovery.Company Guidance
During the Q3 2024 earnings call for Information Services Group (ISG), key guidance metrics were outlined by the executives. For the fourth quarter, the company is targeting revenues between $57 million and $58 million and adjusted EBITDA between $6 million and $7 million. This guidance reflects ISG's expectation of growth returning to the Americas market in Q4, with Europe's growth anticipated to follow in subsequent quarters. The firm highlighted its strategic focus on AI, advisory platforms, and the mid-market sector, expecting these areas to drive future revenue. Additionally, ISG reported strong Q3 performance, with revenues of $61 million and EBITDA of $7 million, and emphasized its record productivity with a utilization rate of 77%. The company also noted plans to leverage its strong cash flow, having paid down $8 million in debt during the quarter, and anticipates further debt reduction and accelerated share repurchases in the coming quarters.Strong Q3 Close
ISG closed Q3 with revenues of $61 million and EBITDA of $7 million, both at the top of expectations. Adjusted EBITDA margin increased by 50 basis points, and operating income was up 18%.
Record Productivity
Record productivity as measured by utilization reached 77%, up 400 basis points over the prior year, marking two consecutive quarters of record utilization.
Cash Flow and Debt Reduction
Strong cash flow from operations at nearly $9 million compared to $3.2 million last year. The company paid down $8 million or about 10% of its debt.
Sale of Automation Unit
Completed the sale of the automation unit for $27 million, which strengthened the balance sheet and allowed for future investments in core growth initiatives.
Growth in Data Sourcing Platform
ISG Tango digital sourcing platform saw more than $5 billion of contract value, up 25% from Q2.
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III Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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III Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.29 | $3.31 | +0.61% |
| Aug 05, 2024 | $3.08 | $3.09 | +0.32% |
| May 09, 2024 | $3.17 | $2.88 | -9.15% |
| Mar 07, 2024 | $4.16 | $4.00 | -3.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Information Services Group (III) report earnings?
Information Services Group (III) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Information Services Group (III) earnings time?
Information Services Group (III) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is III EPS forecast?
III EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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