InnerWorkings Inc. (INWK) Releases FY14 Earnings Guidance
InnerWorkings Inc. (NASDAQ:INWK) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.23-0.27 for the period, compared to the Thomson Reuters consensus estimate of $0.24, Analyst Ratings.Net reports. The company issued revenue guidance of $0.965-1.0 billion, compared to the consensus revenue estimate of $997.97 million.
INWK has been the subject of a number of recent research reports. Analysts at Feltl & Co. upgraded shares of InnerWorkings from a hold rating to a buy rating in a research note on Tuesday, July 22nd. Analysts at Craig Hallum upgraded shares of InnerWorkings from a hold rating to a buy rating in a research note on Tuesday, June 24th. They now have a $10.00 price target on the stock, up previously from $9.00.
InnerWorkings Inc. (NASDAQ:INWK) traded up 3.71% during mid-day trading on Wednesday, hitting $8.67. The stock had a trading volume of 653,961 shares. InnerWorkings Inc. has a 52 week low of $5.54 and a 52 week high of $12.29. The stock has a 50-day moving average of $8.06 and a 200-day moving average of $7.71. The company’s market cap is $445.6 million.
InnerWorkings (NASDAQ:INWK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $260.30 million for the quarter, compared to the consensus estimate of $241.56 million. During the same quarter last year, the company posted $0.04 earnings per share. InnerWorkings’s revenue was up 23.5% compared to the same quarter last year. Analysts expect that InnerWorkings Inc. will post $0.24 EPS for the current fiscal year.
InnerWorkings, Inc (NASDAQ:INWK) is a provider of global print management and promotional solutions to corporate clients across a ranges of industries.
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