Overview

* Information Services Corporation's ( IRMTF ) Q3 revenue of C$65.6 mln beat analysts' expectations, driven by Registry Operations

* Net income for Q3 rises to C$8.5 mln, supported by an increase in real estate values and higher transaction volumes

Outlook

* ISC reaffirms 2025 adjusted EBITDA guidance at middle to higher end of range

* Company expects 2025 revenue at lower end of C$257 mln to C$267 mln range

* Declining interest rates to support Saskatchewan real estate market activity

Result Drivers

* LAND REGISTRY - Increased real estate values and transaction volumes in Saskatchewan drove growth in Registry Operations

* SERVICES SEGMENT - Resilient and diversified Services segment contributed to revenue growth

* LOWER INTEREST RATES - Reduced interest rates and lower debt levels supported net income growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$65.62 C$65.18

Revenue mln mln (3

Analysts

)

Q3 EPS C$0.45

Q3 C$15.99

Adjusted mln

Net

Income

Q3 Net C$8.50

Income mln

Q3 C$27.59

Adjusted mln

EBITDA

Q3 42%

Adjusted

EBITDA

Margin

Q3 Basic C$0.46

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate services peer group is "buy"

* Wall Street's median 12-month price target for Information Services Corp ( IRMTF ) is C$36.00, about 0.1% above its November 4 closing price of C$35.98

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)