![]() Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for ISG: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While ISG has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? ISG shares have added about 8.7% since the beginning of the year versus the S&P 500's gain of 7.7%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $72.56 million. ISG, which belongs to the Zacks Consulting Services industry, posted revenues of $78.49 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 6.23%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ![]() 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 $0.13, delivering a surprise of 30%. This quarterly report represents an earnings surprise of 20%. These figures are adjusted for non-recurring items. This compares to earnings of $0.12 per share a year ago. Information Services Group ( III Quick Quote III - Free Report) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. ![]()
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