Information Services Group Appears Overvalued As Macro Pressures Client Spending (Downgrade)
IIIInformation Services Group(III) Seeking Alpha·2024-08-14 00:43

Taiyou Nomachi Investment Outlook Information Services Group (NASDAQ:III) recently reported its Q2 2024 financial results, missing revenue but beating earnings consensus estimates. I previously wrote about ISG in November 2023 with a Hold outlook due to continued client spending delays. Revenue still hasn't picked up as macroeconomic pressures negatively impact client spending. The stock appears overvalued even with generous assumptions, so my outlook on III is to Sell and deploy funds elsewhere. ISG's Mark ...