I3 Verticals Inc reports results for the quarter ended September 30 - Earnings Summary
I3 Verticals Inc IIIV.OQ reported quarterly adjusted earnings of 15 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of six analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 12 cents to 23 cents per share.
Revenue fell 36.9% to $60.86 million from a year ago; analysts expected $61.25 million.
I3 Verticals Inc's reported EPS for the quarter was 23 cents.
The company reported quarterly net income of $11.15 million.
I3 Verticals Inc shares had risen by 14.5% this quarter and gained 15.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 16% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the financial technology (fintech) peer group is also "buy"
Wall Street's median 12-month price target for I3 Verticals Inc is $28.00
This summary was machine generated from LSEG data November 19 at 04:06 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.17 | 0.15 | Missed |
Jun. 30 2024 | 0.36 | 0.07 | Missed |
Mar. 31 2024 | 0.38 | 0.34 | Missed |
Dec. 31 2023 | 0.37 | 0.36 | Missed |
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