I3 Verticals Inc reports results for the quarter ended June 30 - Earnings Summary

• I3 Verticals Inc IIIV.OQ reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of five analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 19 cents to 22 cents per share.

• Revenue fell 7.4% to $51.90 million from a year ago; analysts expected $49.08 million.

• The company reported quarterly net income of $12.88 million.

• I3 Verticals Inc shares had risen by 3.4% this quarter and gained 23.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.3% 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," 1 "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 $33.00, about 13.6% above its last closing price of $28.50

This summary was machine generated from LSEG data August 8 at 03:56 a.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)