Recap: Information Servs Gr Q4 Earnings
Portfolio Pulse from Benzinga Insights
Information Servs Gr (NASDAQ:III) reported Q4 earnings with a -33.0% miss on estimated EPS, recording $0.06 versus the expected $0.09. Revenue also decreased by $7.98 million compared to the same period last year. Despite beating EPS estimates in the previous quarter, this quarter's performance marks a significant downturn.
March 07, 2024 | 9:40 pm
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Information Servs Gr reported a significant miss in Q4 earnings with a -33.0% deviation from estimated EPS and a decrease in revenue compared to last year.
The significant miss in both EPS and revenue for Information Servs Gr (III) is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. Historical data shows that the company's stock price increased by 5.0% following a positive earnings surprise last quarter, suggesting that stock price is sensitive to earnings performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100