Analysts expect that InnerWorkings (NASDAQ:INWK) will post earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for InnerWorkings’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.10. InnerWorkings reported earnings of $0.08 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.
On average, analysts expect that InnerWorkings will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.58. For the next fiscal year, analysts expect that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.65 to $0.69. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow InnerWorkings.
InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings data on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The business had revenue of $301.00 million for the quarter, compared to analyst estimates of $304.90 million. During the same quarter last year, the business earned $0.12 EPS. InnerWorkings’s revenue for the quarter was up 11.3% compared to the same quarter last year.
A number of equities research analysts have weighed in on INWK shares. Zacks Investment Research upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, January 12th. Lake Street Capital restated a “buy” rating and set a $13.00 price objective (down previously from $14.00) on shares of InnerWorkings in a research note on Tuesday, March 13th. ValuEngine lowered InnerWorkings from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, BidaskClub upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.20.
Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in InnerWorkings by 53.6% during the 4th quarter. American Century Companies Inc. now owns 2,115,965 shares of the business services provider’s stock worth $21,223,000 after buying an additional 738,351 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in InnerWorkings by 40.8% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 4,105,898 shares of the business services provider’s stock worth $41,182,000 after buying an additional 1,189,560 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in InnerWorkings by 8.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 191,987 shares of the business services provider’s stock worth $1,926,000 after buying an additional 14,941 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in InnerWorkings by 19.9% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 555,441 shares of the business services provider’s stock worth $5,571,000 after buying an additional 92,270 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in InnerWorkings during the 4th quarter worth approximately $167,000. 81.91% of the stock is currently owned by institutional investors.
Shares of NASDAQ INWK opened at $10.16 on Monday. InnerWorkings has a fifty-two week low of $8.19 and a fifty-two 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. The company has a market cap of $545.54, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62.
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InnerWorkings Company Profile
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.
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