iSentia Group Ltd share price bounces back after collapse

The iSentia Group (ASX:ISD) share price has bounced back today

a woman

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The iSentia Group Ltd (ASX: ISD) share price has bounced 1.4% today to a price of $1.785. That comes off the back of a fall of almost 21% during yesterday's session.

The iSentia Group share price has traded in a range of $1.31 and $4.14 over the past 12 months, putting the shares 57% below the 52-week high.

iSentia Group is a media-monitoring business. The company also acquired King Content in 2015, which is a content marketing agency. As is often the case with major acquisitions, it is the King Content business that has caused much of the damage to iSentia's results recently.

On Tuesday, the company announced a revenue and earnings guidance downgrade. While it had previously forecast $162 million revenue and $44 million in underlying earnings (EBITDA), the company now expects $155.1 million revenue and $41.5 million underlying EBITDA.

iSentia Group's latest earnings setback was covered on Tuesday by Motley Fool writer Tom Richardson, which you can read here.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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