Nov. 14 at 9:01 PM
$IIIV Heads up alert! Upcoming earnings on Monday, 11/18/2024 for
$IIIV
Neutral (5.0)
i3 Verticals, Inc. (NASDAQ: IIIV) has recently announced its upcoming fourth-quarter earnings release scheduled for November 18, 2024, following a quarter that ended on September 30, 2024.
The anticipation surrounding this earnings report is significant, as it will provide insight into the company's financial health and operational performance.
The company's expansion into Georgia, with the adoption of its i3 JusticeTech® software by 12 new municipal police departments and courts, signifies a strategic effort to bolster its public sector vertical.
This move is expected to enhance revenue streams, particularly in the government sector, where the demand for streamlined law enforcement and court management solutions continues to grow.
From a quantitative perspective, i3 Verticals has shown resilience with a current P/E ratio of approximately 25, which is slightly above the industry average of 23.
This suggests that investors are willing to pay a premium for the stock, anticipating future growth.
The company has demonstrated consistent EPS growth, with a forecasted increase of 10% year-over-year, underpinned by its expanding market presence.
Revenue forecasts for the upcoming fiscal year project a 15% increase, reflecting positive market sentiment and demand for its services.
When compared to industry peers, i3 Verticals appears to be on a solid growth trajectory, though it faces competition from larger players with more extensive resources.
Regarding upcoming earnings, analysts are cautiously optimistic, projecting an EPS of
$0.30 for the fourth quarter, which aligns with historical performance trends showing steady growth.
The consensus estimates suggest that the company will continue to capitalize on its strategic initiatives, such as the recent expansion into Georgia.
However, investors should remain vigilant of potential market fluctuations that could impact the stock's performance in the near term, particularly as economic conditions evolve.
The results of the upcoming earnings report could play a pivotal role in shaping investor sentiment and determining the stock's trajectory moving forward.
- Funds were net buyers of
$IIIV during the previous reporting quarter.
- Here are some of the funds with a sizable holdings (as of Q3 of 2024) for
$IIIV:
* Crosslink Capital Inc
$28MM. New position. CGMFundRank: 86%, Fund Website: www.crosslinkcapital.com
* Voss Capital LLC
$17MM. New position. CGMFundRank: 96%, Fund Website: www.vosscap.com
* Portolan Capital Management LLC
$14MM. New position. CGMFundRank: 86%, Fund Website: www.portolan.com
* Cooper Creek Partners Management LLC
$9MM. New position. CGMFundRank: 85%, Fund Website: www.edgr.io
* D. E. Shaw & Co
$2MM. New position. CGMFundRank: 85%
- Last 10 days performance: 10%
- Last 30 days performance: 13%
- Last 90 days performance: 19%
Most recent news articles:
Publication Date: 11/6/2024 4:00:00 PM Title: i3 Verticals Announces Earnings Release and Conference Call Date for Fourth Quarter of Fiscal 2024
https://finance.yahoo.com/news/i3-verticals-announces-earnings-release-160000397.html?.tsrc=rss
Publication Date: 10/30/2024 8:05:00 PM Title: i3 Verticals Expands Public Sector Vertical Presence in Georgia
https://finance.yahoo.com/news/i3-verticals-expands-public-sector-200500307.html?.tsrc=rss
Publication Date: 10/14/2024 11:49:39 AM Title: Investing in i3 Verticals (NASDAQ:IIIV) five years ago would have delivered you a 15% gain
https://finance.yahoo.com/news/investing-i3-verticals-nasdaq-iiiv-114939593.html?.tsrc=rss
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