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Information Services (III) – Strong 4Q Gives ISG More Momentum for 2022

Tech
2 min read

Friday, March 11, 2022

Information Services (III)
Strong 4Q Gives ISG More Momentum for 2022

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.

    Record 4Q21 Results: ISG’s management announced record 4Q revenue of $69.6 million, up 5% year-over-year and exceeding consensus of $67.96 million and our estimate of $68 million. Net Income was reported at $3.6 million, or an EPS of $0.07, versus $1.4 million or $0.03 last year. Adjusted EPS was at $0.10 and adjusted EBITDA was at a record $10.2 million (11% over last year). We forecasted Net Income to be $4.3 million, EPS of $0.08, adjusted EPS of $0.11, and adjusted EBITDA of $9.3 million. Consensus estimate for EPS was $0.06.

    Continuing Momentum into 2022: The quarter highlights the continuation of the momentum across ISG’s markets.  Enterprises are powering through the headwinds of the ongoing pandemic, inflation, and supply chain disruptions through ramping up investments into the digital and cloud technologies, both being specialties of ISG …


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. 

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