Information Services (III) – Better Than Expected 2Q20 Performance

Tuesday, August 11, 2020

Information Services (III)

Better Than Expected 2Q20 Performance

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.

Refer to the full report for the price target, fundamental analysis, and rating.

2Q20 Operating Results. Second quarter results came in better than expected, with revenue of $57.4 million and adjusted EBITDA of $7.4 million. Management had forecast revenue in the $53-$55 million range and adjusted EBITDA in the $6-$7 million range. EPS for the quarter was $0.01 and adjusted EPS was $0.06. We had forecast revenue of $53 million, adjusted EBITDA of $5.8 million, breakeven EPS, and $0.04 per share of adjusted EPS.


What Drove the Better than Expected Results? Demand for some of the Company’s services designed to help firms reduce costs and/or transform to a more digital approach faster drove results. While we expect results to continue to be impacted by the COVID environment in the near-term, longer-term, structural changes to the way society works should …









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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

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