Information Services Group (III) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

Investment Outlook - Information Services Group (ISG) reported Q2 2024 financial results, missing revenue but beating earnings consensus estimates [2] - Revenue has not picked up due to macroeconomic pressures negatively impacting client spending [2] - The stock is considered overvalued, leading to a Sell recommendation [2] ISG's Market And Approach - ISG provides technology research and digital transformation consulting services internationally [3] - Key service offerings include ISG Inform, ISG GovernX, ISG Executive Insights, ISG ProBenchmark, and ISG Enterprise Change [3] - The global market for digital transformation services was estimated at $880 billion in 2023 and is expected to reach $4.8 trillion by 2030, with a CAGR of 27.6% [3][4] - The consulting industry segment is expected to reach $235 billion by 2031, growing at a CAGR of 13.3% [5] U.S. Digital Transformation Market - The U.S. digital transformation market size by solution is projected to grow from $109.9 billion in 2020 to $95.1 billion in 2030 [6] - Major players in the industry include EPAM, Globant, Accenture, Slalom, McKinsey & Co., Deloitte Digital, Ideao, BCG, Cognizant, and Capgemini [6] Recent Financial Trends - Total revenue dropped 13.8% year-over-year, while operating income improved due to reduced headcount and higher utilization rates [7] - Gross profit margin rose year-over-year due to higher employee utilization, and selling and G&A expenses as a percentage of total revenue trended lower [8] - Earnings per share (Diluted) turned positive after two previous quarters of negative results, primarily due to cost reductions and lower headcount [10] Balance Sheet and Cash Flow - ISG ended the quarter with $11.8 million in cash and equivalents and $74.2 million in total long-term debt [12] - Free cash flow generated over the trailing twelve months was $12.9 million, with capital expenditures of $4.4 million [12] - Stock-based compensation paid in the last four quarters was $7.8 million [12] Stock Performance and Valuation - ISG's stock price has fallen by 37.1% over the past year, compared to a 12.2% gain in the SPDR® S&P Software & Services ETF (XSW) [13] - Key financial metrics include an EV/Sales (FWD) of 0.9, EV/EBITDA (FWD) of 8.4, and a Price/Sales (TTM) of 0.6 [13] - Revenue growth (YoY) was -10.0%, with a net income margin of -0.4% and an EBITDA margin of 3.9% [13] Industry Challenges and Outlook - The consulting industry is experiencing challenged demand as clients focus on cost-takeout and non-discretionary projects rather than lucrative discretionary engagements [14] - ISG has reduced its headcount by 64 employees sequentially, reflecting the strain on the industry [14] - The industry is in the middle of a significant demand reduction post-pandemic, with ongoing macroeconomic softness and client scrutiny [16] Valuation and Future Prospects - A discounted cash flow (DCF) calculation indicates that ISG's stock is overvalued at its current price of around $3.15 per share, even with a generous 8% discount rate [18] - The industry is pinning hopes on AI-related engagements, but these are currently limited to pilot projects focused on cost-takeout functions [19] - Given the stock's overvaluation and anemic revenue growth, investor funds are recommended to be deployed elsewhere [20]

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the "Company") (TSX:III) reports financial results for the three and six months ended June 30, 2024. QUARTER HIGHLIGHTS "Operationally, the second quarter was aligned with guidance, driven largely by higher through-put and copper grades at both Mount Polley and Red Chris," said Brian Kynoch, President. "With consolidated production totalling 27,854,171 pounds copper and 26,629 ounces gold through the first half of th ...

VioletaStoimenova Introduction Information Services Group (NASDAQ:III) posted a softer first quarter for what I believe represents more transient macro issues. In other words, as noted last time I still think III is positioned to grow from various initiatives and from the shifting mix to recurring revenue, all of which should be further boosted by operating leverage. With their share price down low-single-digit percent from the Q1 earnings release, I think today's price offers attractive forward returns ass ...

VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation ("Imperial" or the "Company") (TSX:III) reports diamond drill results from three more holes of the Mount Polley 2024 exploration program, including a notable interval of 257.5 metres grading 0.71% copper and 0.39 g/t gold from 35.0 metres in diamond drill hole SD-24-180. This phase of drilling is ongoing and is following up on the significant results obtained in the 2023 drill programs. Hole SD-24-180 was a vertical ho ...

Core Insights - Information Services Group (ISG) reported a total revenue of $64.27 million for the quarter ending March 2024, reflecting a decrease of 18.1% compared to previous periods [4] - The company's reliance on international markets is crucial for understanding its financial health and growth trajectory, as it can provide a hedge against domestic downturns and access to faster-growing economies [2][3] International Revenue Breakdown - EMEA contributed $17.8 million, accounting for 27.7% of total revenue, which was a surprise decrease of 11.46% from the expected $20.1 million [5] - Asia Pacific generated $5.63 million, representing 8.8% of total revenue, also falling short of the projected $5.87 million by 4.04% [6] Future Revenue Projections - Analysts project ISG to report $66 million in total revenue for the current fiscal quarter, indicating an 11.5% decline from the previous year, with EMEA and Asia Pacific expected to contribute 30.8% ($20.34 million) and 9.2% ($6.04 million) respectively [7] - For the full year, total annual revenue is expected to be $278.28 million, marking a decrease of 4.4% compared to last year, with EMEA and Asia Pacific projected to contribute 29.5% ($82.13 million) and 8.9% ($24.74 million) respectively [8] Market Performance - ISG's stock has declined by 18.8% over the past month, while the broader market (S&P 500) has increased by 1.3%, indicating underperformance [13] - Over the past three months, ISG's stock price has decreased by 32.6%, contrasting with a 4.3% rise in the S&P 500 index [13]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices and zip code) (203) 517-3100 (Registrant's telephone number, including area code) For the transition period from to Commission File Number: 001-33287 INFORMATIO ...

Information Services Group (III) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -83.33%. A quarter ago, it was expected that this market advisory service company would post earnings of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of -40%.Over the ...

[Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) ISG reported Q1 2024 GAAP revenues of $64 million, a net loss of $3.4 million, and adjusted EBITDA of $4 million, with recurring revenue growth and a Q2 dividend Q1 2024 Key Financial Metrics | Metric | Value (USD) | | :--- | :--- | | GAAP Revenues | $64 million | | Net Loss | $3.4 million | | GAAP Loss Per Share | $0.07 | | Adjusted Net Income Per Share | $0.01 | | Adjusted EBITDA | $4 million | | Cash from Operations | $2.3 million | - Recurring revenues for the trailing 12 months reached **$126 million**, up **10%** from the prior 12-month period, and constituted **about half** of the first-quarter revenues[5](index=5&type=chunk) - The company's new sourcing platform, ISG Tango™, launched in March, already has over **$2.6 billion** of contract value running on it[5](index=5&type=chunk) - A second-quarter dividend of **$0.045 per share** was declared, payable on July 5, 2024[4](index=4&type=chunk)[14](index=14&type=chunk) [CEO Commentary & Market Outlook](index=1&type=section&id=CEO%20Commentary%20%26%20Market%20Outlook) CEO Michael P. Connors noted Q1 market uncertainty but anticipates future growth from AI implementation and cost transformation - The CEO believes the **market is turning** and will **gain momentum** over the year, despite clients slowing their spending pace in Q1 due to economic conditions and uncertainty around AI's impact[3](index=3&type=chunk) - **Significant future investments** are anticipated in **AI infrastructure and implementation** as the market moves from planning to execution[4](index=4&type=chunk) - There is a **notable increase in demand** for **cost and spend transformation services** as companies adapt to uncertain macroeconomic conditions[5](index=5&type=chunk) - The company is encouraged by the **continued growth** of its **recurring revenue business**, particularly in research, governance, and platforms like ISG Tango™[5](index=5&type=chunk) [First-Quarter 2024 Financial Results](index=2&type=section&id=First-Quarter%202024%20Results) Q1 2024 financial performance declined significantly, with revenues down 18% to $64.3 million, a swing to operating and net losses, and a 60% decrease in Adjusted EBITDA Q1 2024 Revenue by Geography (vs. Q1 2023) | Region | Q1 2024 Revenue (USD) | YoY Change | | :--- | :--- | :--- | | Americas | $40.8 million | -16% | | Europe | $17.8 million | -23% | | Asia Pacific | $5.6 million | -20% | | **Total** | **$64.3 million** | **-18%** | Q1 2024 GAAP Financial Performance (vs. Q1 2023) | Metric | Q1 2024 (USD) | Q1 2023 (USD) | | :--- | :--- | :--- | | Operating (Loss) Income | ($2.4 million) | $7.1 million | | Net (Loss) Income | ($3.4 million) | $3.5 million | | Diluted (Loss) EPS | ($0.07) | $0.07 | Q1 2024 Non-GAAP Financial Performance (vs. Q1 2023) | Metric | Q1 2024 (USD) | Q1 2023 (USD) | | :--- | :--- | :--- | | Adjusted Net Income | $0.7 million | $6.0 million | | Adjusted Diluted EPS | $0.01 | $0.12 | | Adjusted EBITDA | $4.4 million | $11.0 million | | Adjusted EBITDA Margin | 6.9% | 14.0% | [Cash Flow, Balance Sheet, and Capital Returns](index=2&type=section&id=Other%20Financial%20and%20Operating%20Highlights) ISG generated $2.3 million in Q1 2024 cash from operations, improved from prior year, maintained a $14.0 million cash balance, and reduced debt while returning capital - Generated **$2.3 million** of cash from operations in Q1 2024, compared to using **$3.4 million** in Q1 2023[10](index=10&type=chunk) - Cash balance was **$14.0 million** at March 31, 2024, down from **$22.6 million** at December 31, 2023[10](index=10&type=chunk) Q1 2024 Capital Allocation Activities | Activity | Amount (USD) | | :--- | :--- | | Dividends Paid | $2.4 million | | Share Repurchases | $2.5 million | | Debt Paid Down | $5.0 million | - Total debt outstanding was **reduced to $74.2 million** as of March 31, 2024, from **$79.2 million** at year-end 2023[11](index=11&type=chunk) [Business Outlook](index=3&type=section&id=Business%20Outlook) ISG provided Q2 2024 guidance, targeting revenues of $65-67 million and adjusted EBITDA of $7.0-8.0 million, reaffirming its capital allocation strategy [Q2 2024 Guidance](index=3&type=section&id=2024%20Second-Quarter%20Revenue%20and%20Adjusted%20EBITDA%20Guidance) Q2 2024 Guidance | Metric | Guidance Range (USD) | | :--- | :--- | | Revenues | $65 million - $67 million | | Adjusted EBITDA | $7.0 million - $8.0 million | - The company will continue to monitor macroeconomic factors like FX impact and inflation and adjust business plans accordingly[13](index=13&type=chunk) [Capital Allocation & Dividend](index=3&type=section&id=Quarterly%20Dividend) - The Board of Directors declared a Q2 dividend of **$0.045 per share**, payable on July 5, 2024, to shareholders of record as of June 14, 2024[14](index=14&type=chunk) - ISG's capital allocation strategy focuses on **reinvesting in the business**, **managing debt**, **returning capital to shareholders** (dividends and repurchases), and pursuing **strategic acquisitions**[14](index=14&type=chunk) [Financial Statements & Reconciliations](index=6&type=section&id=Financial%20Statements%20%26%20Reconciliations) This section provides detailed unaudited Q1 2024 financial statements, including condensed income statements, GAAP to Non-GAAP reconciliations, and constant currency comparisons [Condensed Statement of Income](index=6&type=section&id=Condensed%20Statement%20of%20Income%20and%20Comprehensive%20Income) Condensed Income Statement (in thousands) | Line Item | Q1 2024 (USD) | Q1 2023 (USD) | | :--- | :--- | :--- | | Revenues | $64,269 | $78,486 | | Operating (loss) income | $(2,370) | $7,050 | | (Loss) income before taxes | $(3,620) | $5,204 | | Net (loss) income | $(3,389) | $3,491 | [Reconciliation from GAAP to Non-GAAP](index=7&type=section&id=Reconciliation%20from%20GAAP%20to%20Non-GAAP) Reconciliation to Adjusted EBITDA (in thousands) | Line Item | Q1 2024 (USD) | Q1 2023 (USD) | | :--- | :--- | :--- | | Net (loss) income | $(3,389) | $3,491 | | Plus: Adjustments | $7,803 | $7,489 | | **Adjusted EBITDA** | **$4,414** | **$10,980** | Reconciliation to Adjusted Net Income (in thousands) | Line Item | Q1 2024 (USD) | Q1 2023 (USD) | | :--- | :--- | :--- | | Net (loss) income | $(3,389) | $3,491 | | Plus: Adjustments | $4,108 | $2,516 | | **Adjusted Net Income** | **$719** | **$6,007** | [Constant Currency Comparison](index=8&type=section&id=Selected%20Financial%20Data%20Constant%20Currency%20Comparison) Constant Currency Impact on Q1 2024 Results (in thousands) | Metric | As Reported (USD) | Constant Currency Impact (USD) | Adjusted for Constant Currency (USD) | | :--- | :--- | :--- | :--- | | Revenue | $64,269 | $(34) | $64,235 | | Operating income | $(2,370) | $(110) | $(2,480) | | Adjusted EBITDA | $4,414 | $(103) | $4,311 |

ISG cites GEP's continuing innovation with AI, low-code/no-code and sustainability tools Comes on the heels of also being recognized as leader in recently announced ISG study of procurement services Cements GEP as the ideal global partner for transforming procurement, supply chain and business operations CLARK, N.J., April 17, 2024 /PRNewswire/ -- GEP®, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced ...