Information Services Group (III) Tops Q2 EPS by 5c

Information Services Group (NASDAQ: III) reported Q2 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $70.6 million versus the consensus estimate of $65.54 million.

GUIDANCE:

Information Services Group sees Q3 2021 revenue of $66-68 million, versus the consensus of $63.1 million.

• “Balancing the seasonal summer holidays and lingering Covid effects, particularly in Europe, with increasing demand momentum, we are targeting double-digit growth for the third quarter of 2021, with revenues between $66 million and $68 million and adjusted EBITDA between $8 million and $9 million,” said Connors. “We will continue to monitor the macro-economic environment, including the impact of the coronavirus, and adjust our business outlook as markets dictate.”

For earnings history and earnings-related data on Information Services Group (III) click here.

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