Information Services Group Full Year 2023 Earnings: Misses Expectations
Information Services Group (NASDAQ:III) Full Year 2023 Results
Key Financial Results
Revenue: US$291.1m (up 1.7% from FY 2022).
Net income: US$6.15m (down 69% from FY 2022).
Profit margin: 2.1% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$0.13 (down from US$0.41 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Information Services Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 50%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Information Services Group you should be aware of, and 1 of them is a bit unpleasant.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
