Overview

* ASGN ( ASGN ) Q2 revenue of $1.02 bln beats analyst expectations, per LSEG data

* Adjusted EPS of $1.17 exceeds analyst estimates, per LSEG data

* Co repurchased 200,000 shares for $9.5 mln during the quarter

Outlook

* ASGN sees Q3 2025 revenue between $992 mln and $1.012 bln

* Company expects Q3 2025 net income in the range of $35.8 mln to $39.4 mln

* ASGN projects Q3 2025 adjusted EBITDA of $108.5 mln to $113.5 mln

* Company notes macroeconomic uncertainty impacting discretionary spending

Result Drivers

* IT CONSULTING GROWTH - IT consulting revenues reached 63% of total revenues, driven by demand for cloud and data solutions

* TOPBLOC CONTRIBUTION - Recent acquisition TopBloc performed above expectations

* MACROECONOMIC IMPACT - Commercial segment faced softness in assignment revenues due to macroeconomic uncertainties

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.02 $995.50

Revenue bln mln (7

Analysts

)

Q2 Beat $1.17 $1.08 (7

Adjusted Analysts

EPS )

Q2 Beat $51.60 $47.50

Adjusted mln mln (7

Net Analysts

Income )

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy."

* Wall Street's median 12-month price target for ASGN Inc ( ASGN ) is $59.00, about 15.7% above its July 22 closing price of $49.73

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(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.)