Information Services Group Q2 revenue beats estimates, driven by AI-centered research
III•Outlook and analyst coverage
- Company targets Q3 revenue between $63.5 mln and $64.5 mln
- Company expects Q3 adjusted EBITDA between $8.5 mln and $9.5 mln
- Company says demand for AI-centered services remains strong amid uncertain macro conditions
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the IT services & consulting peer group is "buy".
Wall Street's median 12-month price target for Information Services Group Inc is $7.00, about 59.8% above its August 4 closing price of $4.38.
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago.
Quarterly results beat estimates
- AI-centered tech advisory firm's Q2 revenue rose 6.4%, beating analyst expectations
- Q2 adjusted net income and adjusted EBITDA both beat analyst estimates
- Company expanded share repurchase program by $30 mln, largest in its history
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Beat | $65.50 mln | $62.86 mln (5 Analysts) |
| Q2 EPS | $0.07 | ||
| Q2 Adjusted Net Income | Beat | $5 mln |
