For its second fiscal quarter (ending June 30), Information Services Group Inc (NASDAQ: III) has reported a -20% decline in E.P.S. from $0.05 a year ago to $0.04 in the current quarter. This result fell short of the consensus estimate of $0.06 by $-0.02. For the latest four quarters through June 30, E.P.S. were $-0.02 versus $0.33 for the same period a year ago — a decline of -106%.
Recent Price Action
Information Services Group Inc (NASDAQ: III) stock declined by -3.1% on 8/5/24. The shares closed at $3.16. Moreover, this decline was accompanied by above average trading volume at 120% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, III is expected to continue to be a major Value Builder.
Information Services Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Information Services Group has a slightly negative Appreciation Score of 39 and a very low Power Rating of 14, and the Negative Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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