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ASGN Incorporated (ASGN)
NYSE:ASGN
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
1.16Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -33.23%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there is notable growth in IT consulting revenues and successful strategic acquisitions like TopBloc, the overall revenue decline and specific challenges in the Federal Government segment present concerns. The company shows promising strategic alignment and client engagement but faces ongoing softness in assignment revenues.Company Guidance
During ASGN Incorporated's fourth-quarter and full-year 2024 earnings call, the company provided several key metrics and insights into its financial performance and strategic priorities. IT consulting revenues comprised 58% of total revenues for the year, up from 53% the previous year. The company's adjusted EBITDA margin exceeded expectations, driven by strong performance in consulting bookings, which reached $348.2 million with a book-to-bill ratio of 1.2 times for the quarter. Despite revenue declines in the Federal Government segment due to lower-than-expected software license sales, the commercial segment outperformed, with consulting revenues up 6% year-over-year. The company announced a definitive agreement to acquire TopBloc for $340 million, expected to close in the first quarter of 2025, which is anticipated to contribute $150 million in revenue with an EBITDA margin in the high teens for the year. ASGN also noted improvements in business confidence and highlighted strategic initiatives in AI, cybersecurity, and data services as key areas for future growth.Growth in IT Consulting Revenues
IT consulting revenues comprised approximately 58% of total revenues for the year, up from roughly 53% in the prior year period.
Double-Digit Growth in Commercial Consulting Bookings
Commercial consulting bookings experienced double-digit year-over-year growth in the fourth quarter, totaling $348.2 million with a book-to-bill ratio of 1.2 times.
Successful Tuck-In Acquisitions
ASGN announced a definitive agreement to acquire TopBloc, a preferred certified Workday Services Partner, enhancing its ERP implementation capabilities.
Robust Federal Government Segment Win Rate
The Federal Government segment maintained a win rate of approximately 90% for re-competed contracts, with a contract backlog of over $3.1 billion.
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ASGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $87.88 | $82.73 | -5.86% |
| Oct 23, 2024 | $93.04 | $93.87 | +0.89% |
| Jul 24, 2024 | $101.83 | $92.77 | -8.90% |
| Apr 24, 2024 | $102.11 | $98.72 | -3.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ASGN Incorporated (ASGN) report earnings?
ASGN Incorporated (ASGN) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is ASGN Incorporated (ASGN) earnings time?
ASGN Incorporated (ASGN) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASGN EPS forecast?
ASGN EPS forecast for the fiscal quarter 2025 (Q1) is 0.95.
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