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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in III. Dimensional Fund Advisors LP raised its stake in Information Services Group by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,369 shares of the business services provider’s stock worth $211,000 after acquiring an additional 12,275 shares during the period. FNY Investment Advisers LLC bought a new stake in Information Services Group during the 2nd quarter worth approximately $246,000. Creative Planning raised its stake in Information Services Group by 39.6% during the 2nd quarter. Creative Planning now owns 46,900 shares of the business services provider’s stock worth $192,000 after acquiring an additional 13,300 shares during the period. Acadian Asset Management LLC raised its stake in Information Services Group by 88.5% during the 2nd quarter. Acadian Asset Management LLC now owns 49,892 shares of the business services provider’s stock worth $204,000 after acquiring an additional 23,430 shares during the period. Finally, Bessemer Group Inc. raised its stake in Information Services Group by 410.5% during the 2nd quarter. Bessemer Group Inc. now owns 49,620 shares of the business services provider’s stock worth $204,000 after acquiring an additional 39,900 shares during the period. Institutional investors own 45.06% of the company’s stock.

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

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