Research Analysts Issue Forecasts for InnerWorkings, Inc.’s Q1 2018 Earnings (NASDAQ:INWK)

InnerWorkings, Inc. (NASDAQ:INWK) – Dougherty & Co issued their Q1 2018 earnings per share estimates for shares of InnerWorkings in a research report issued on Tuesday, March 13th, according to Zacks Investment Research. Dougherty & Co analyst R. Mattson forecasts that the business services provider will earn $0.10 per share for the quarter. Dougherty & Co also issued estimates for InnerWorkings’ FY2018 earnings at $0.58 EPS and FY2019 earnings at $0.69 EPS.

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InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). InnerWorkings had a return on equity of 8.01% and a net margin of 1.67%. The company had revenue of $301.00 million for the quarter, compared to analysts’ expectations of $304.90 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis.

Several other research analysts also recently commented on the stock. BidaskClub raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday. ValuEngine downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Finally, Lake Street Capital reissued a “buy” rating and issued a $13.00 price target (down from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $13.20.

Shares of INWK stock traded down $0.10 during trading hours on Thursday, hitting $9.39. 250,240 shares of the company were exchanged, compared to its average volume of 363,000. The firm has a market cap of $508.54, a P/E ratio of 22.90, a PEG ratio of 1.23 and a beta of 1.62. InnerWorkings has a 52-week low of $8.19 and a 52-week high of $12.03. The company has a quick ratio of 1.67, a current ratio of 1.84 and a debt-to-equity ratio of 0.44.

A number of large investors have recently made changes to their positions in INWK. State Street Corp lifted its holdings in shares of InnerWorkings by 9.0% during the 2nd quarter. State Street Corp now owns 714,054 shares of the business services provider’s stock worth $8,286,000 after acquiring an additional 59,193 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of InnerWorkings by 19.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock worth $441,000 after acquiring an additional 6,184 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of InnerWorkings by 5.9% during the 2nd quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock worth $930,000 after acquiring an additional 4,500 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of InnerWorkings by 21.7% during the 3rd quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock worth $412,000 after acquiring an additional 6,532 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of InnerWorkings during the 3rd quarter worth $198,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

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InnerWorkings Company Profile

InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.

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