i3 Verticals lowers FY 2026 revenue outlook to $216 mln-$221 mln from $221 mln-$229 mln
Company cuts FY 2026 adjusted EBITDA forecast to $57 mln-$60 mln from $61 mln-$65 mln
i3 Verticals now sees FY 2026 adjusted diluted EPS at $1.08-$1.12, down from $1.09-$1.15
Overview
US public sector software provider's fiscal Q3 revenue rose 2% yr/yr but missed analyst expectations
Adjusted diluted EPS for fiscal Q3 increased yr/yr
Company lowered full-year revenue and adjusted EBITDA outlook due to weakness in non-recurring revenue streams
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$53.07 mln
$54.99 mln (4 Analysts)
Q3 Net Income
$5.66 mln
Q3 Pretax Profit
$7.19 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for I3 Verticals, Inc. is $28.50, about 27% above its August 5 closing price of $22.44
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