Information Services Group (III) Lags Q3 Earnings and Revenue Estimates

Core Viewpoint - Information Services Group (ISG) reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of$ 0.06 per share, and down from $0.11 per share a year ago, indicating a -16.67% earnings surprise [1][2] Financial Performance - ISG's revenues for the quarter ended September 2024 were$ 61.28 million, missing the Zacks Consensus Estimate by 0.50%, and down from $71.77 million year-over-year [2] - Over the last four quarters, ISG has surpassed consensus EPS estimates only once [2] Stock Performance - ISG shares have declined approximately 28.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current Zacks Rank for ISG is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.06 on revenues of $61.07 million, and for the current fiscal year, it is$ 0.20 on revenues of $251.18 million [7] - The trend for estimate revisions for ISG is currently unfavorable, which may impact future stock performance [6] Industry Context - The Consulting Services industry, to which ISG belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable industry outlook [8]