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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
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  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Earnings To Watch: ASGN (ASGN) Reports Q2 Results Tomorrow

ASGN Cover Image

IT services provider ASGN (NYSE: ASGN) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.

ASGN beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $968.3 million, down 7.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS guidance for next quarter estimates and a miss of analysts’ EPS estimates.

Is ASGN a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting ASGN’s revenue to decline 3.7% year on year to $996.6 million, improving from the 8.5% decrease it recorded in the same quarter last year.

ASGN Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ASGN has missed Wall Street’s revenue estimates three times over the last two years.

Looking at ASGN’s peers in the it services & other tech segment, only Accenture has reported results so far. It beat analysts’ revenue estimates by 2.3%, delivering year-on-year sales growth of 7.7%. The stock was down 3.6% on the results.

Read our full analysis of Accenture’s earnings results here.

There has been positive sentiment among investors in the it services & other tech segment, with share prices up 4.5% on average over the last month. ASGN is down 1.9% during the same time.

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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