ASGN Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

ASGN (NYSE:ASGN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.03b (down 8.5% from 2Q 2023).
• Net income: US$47.2m (down 22% from 2Q 2023).
• Profit margin: 4.6% (down from 5.3% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.03 (down from US$1.23 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASGN EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for ASGN that you should be aware of.

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