Friday, November 05, 2021
Information Services (III)
Another Strong Quarter: 3Q21 Highlights
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 70 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Strong 3Q21 Results. Record third quarter revenue of $71.1 million rose 15% y-o-y and exceeded our and consensus estimate of $67 million. ISG reported net income of $4.4 million, or $0.09 per share, up from $2.1 million, and $0.04, respectively, last year. Adjusted EPS was $0.12 and adjusted EBITDA totaled $10.2 million, up 24% y-o-y. We had forecast EPS of $0.06, adjusted EPS of $0.10, and adjusted EBITDA of $8.3 million. Consensus adjusted EPS was $0.09 and adjusted EBITDA was $8.4 million.
Market Momentum Continuing. The quarter’s results reflect ongoing momentum across ISG’s markets. Enterprises continue to accelerate their technology investments coming out of the pandemic, with a strong shift to cloud-based platforms and all things digital, ISG’s strengths …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
