Information Services Group Sees Q2 Revenue $65M-$67M Vs $67.79M Est.; Adj EBITDA $7M-$8M
Portfolio Pulse from Benzinga Newsdesk
Information Services Group (ISG) projects Q2 revenue to be between $65M-$67M, below the estimated $67.79M, with adjusted EBITDA expected to be $7M-$8M. The company will adjust its business plans based on the macroeconomic environment.
May 09, 2024 | 11:39 pm
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ISG expects Q2 revenue to fall short of estimates with adjusted EBITDA between $7M-$8M, indicating a cautious outlook amid economic uncertainties.
ISG's projected revenue falling short of estimates suggests a cautious or weaker-than-expected financial performance for the upcoming quarter. This outlook, especially when attributed to macroeconomic factors such as FX, inflation, and other variables, could lead to negative investor sentiment in the short term. The company's mention of adjusting business plans according to economic conditions further underscores the uncertainty and potential volatility in its performance.
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