Equities research analysts expect Information Services Group, Inc. (NASDAQ:III) to report earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Information Services Group’s earnings, with estimates ranging from $0.10 to $0.14. Information Services Group posted earnings of $0.05 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 140%. The firm is expected to issue its next quarterly earnings report on Wednesday, March 13th.

On average, analysts expect that Information Services Group will report full year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.46. For the next financial year, analysts anticipate that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.33 to $0.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Information Services Group.

III has been the subject of several research reports. ValuEngine raised Information Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research raised Information Services Group from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday, August 9th. Barrington Research set a $6.00 price target on Information Services Group and gave the stock a “buy” rating in a report on Wednesday, October 31st. Noble Financial set a $5.00 price target on Information Services Group and gave the stock a “buy” rating in a report on Monday, November 12th. Finally, TheStreet raised Information Services Group from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th. One 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 has an average rating of “Buy” and an average price target of $5.25.

NASDAQ:III opened at $4.15 on Friday. The company has a market cap of $185.72 million, a P/E ratio of 25.94, a PEG ratio of 1.11 and a beta of 0.33. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. Information Services Group has a 1-year low of $3.83 and a 1-year high of $5.45.

Hedge funds and other institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC acquired a new position in Information Services Group in the 2nd quarter valued at $191,000. Acadian Asset Management LLC raised its holdings in Information Services Group by 88.5% in the 2nd quarter. Acadian Asset Management LLC now owns 49,892 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 23,430 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Information Services Group by 865.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,237 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 62,961 shares in the last quarter. Algert Global LLC acquired a new position in Information Services Group in the 3rd quarter valued at $340,000. Finally, Macquarie Group Ltd. raised its holdings in Information Services Group by 1,530.7% in the 2nd quarter. Macquarie Group Ltd. now owns 96,358 shares of the business services provider’s stock valued at $395,000 after acquiring an additional 90,449 shares in the last quarter. 50.84% of the stock is owned by hedge funds and other institutional investors.

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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