Wall Street brokerages forecast that IDI, Inc. (NASDAQ:COGT) will announce earnings of ($0.16) per share for the current quarter, Zacks reports. Two analysts have provided estimates for IDI’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.14). IDI posted earnings per share of ($0.11) during the same quarter last year, which would suggest a negative year-over-year growth rate of 45.5%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that IDI will report full-year earnings of ($0.86) per share for the current fiscal year, with EPS estimates ranging from ($0.90) to ($0.81). For the next year, analysts forecast that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.27) to ($0.07). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for IDI.
COGT has been the topic of several analyst reports. Roth Capital set a $8.00 price target on IDI and gave the company a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded IDI from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th.
Shares of IDI (COGT) traded down $0.05 during mid-day trading on Wednesday, reaching $4.70. The company’s stock had a trading volume of 54,905 shares, compared to its average volume of 153,740. IDI has a one year low of $2.90 and a one year high of $6.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.62 and a current ratio of 1.62.
Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in IDI by 25.6% during the first quarter. Bank of New York Mellon Corp now owns 75,437 shares of the technology company’s stock worth $350,000 after buying an additional 15,384 shares in the last quarter. Wells Fargo & Company MN boosted its stake in IDI by 1,009.3% during the first quarter. Wells Fargo & Company MN now owns 59,212 shares of the technology company’s stock worth $276,000 after buying an additional 53,874 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in IDI during the first quarter worth $179,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in IDI by 328.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 103,200 shares of the technology company’s stock worth $480,000 after buying an additional 79,100 shares in the last quarter. Institutional investors and hedge funds own 8.77% of the company’s stock.
WARNING: “IDI, Inc. (COGT) Expected to Announce Earnings of -$0.16 Per Share” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.com-unik.info/2017/11/06/idi-inc-cogt-expected-to-announce-earnings-of-0-16-per-share.html.
IDI, Inc, formerly Tiger Media, Inc, is a data and analytics company providing information and marketing solutions to businesses in a range of industries. The Company operates through two segments: Information Services and Performance Marketing. The Company serves the risk management and the consumer marketing industries through its consolidated subsidiaries, Interactive Data, LLC and Fluent, LLC, respectively.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about IDI Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for IDI Inc. and related companies.