ISG Posts $3.37M Q3 Net Income as Shares Sit Near 52-Week High
III sits 64% above its 52-week low of $3.74.
Summary
ISG reported third-quarter net income of $3.37M, with revenue of $65.1M and adjusted EPS of 10c. The read-through versus the strong Q2 ($65.5M revenue, $9.4M adjusted EBITDA, both above guidance) is now clearer. Context matters here: the company's Q3 market indexes showed record contract activity, with combined ACV up 63% to $52.5B globally, Americas up 61% to $27.5B, and Asia Pacific up 80% to $10.0B, so the demand backdrop into this print was strong. The stock is trading near its 52-week high of $6.4495, which raises the bar for this quarter. Adjusted EBITDA and any update to the $30M buyback or dividend will determine whether the quarter supports the current price.
At the time of this announcement, III was trading at $6.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $295.3M. The 52-week trading range was $3.74 to $6.45. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.