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ISG (III) Soars 6%: Is Further Upside Left in the Stock?

Zacks Equity Research
·2 min read

Information Services Group (III) shares ended the last trading session 6% higher at $6.33. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.4% loss over the past four weeks.

The stock is benefiting from the company’s continued focus on sustainable, long-term growth, margin expansion and free cash flow generation.

This market advisory service company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -16.7%. Revenues are expected to be $73.9 million, up 4.7% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

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For ISG, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on III going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

ISG is part of the Zacks Consulting Services industry. FTI Consulting (FCN), another stock in the same industry, closed the last trading session 2.4% higher at $177.62. FCN has returned 5.1% in the past month.

FTI Consulting's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.67. Compared to the company's year-ago EPS, this represents a change of -4%. FTI Consulting currently boasts a Zacks Rank of #2 (Buy).


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Information Services Group, Inc. (III) : Free Stock Analysis Report
 
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Zacks Investment Research