Information Servs Gr Q1 2024 Adj EPS $0.01 Misses $0.06 Estimate, Sales $64.269M Miss $66.052M Estimate
Portfolio Pulse from Benzinga Newsdesk
Information Servs Gr (NASDAQ:III) reported Q1 2024 earnings of $0.01 per share, missing the consensus estimate of $0.06 by 83.33%. Quarterly sales were $64.269M, missing the estimate of $66.052M by 2.70%. This represents a significant decrease from the previous year's earnings and sales.
May 09, 2024 | 10:49 pm
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NEGATIVE IMPACT
Information Servs Gr reported significantly lower Q1 2024 earnings and sales, missing analyst estimates. Earnings per share were $0.01, versus an expected $0.06, and sales were $64.269M, below the $66.052M forecast.
The significant miss in both earnings per share and sales compared to analyst expectations is likely to negatively impact investor sentiment and the stock price of Information Servs Gr in the short term. The magnitude of the miss, especially the 83.33% shortfall in EPS and the decrease from the previous year's figures, suggests a bearish outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100