InnerWorkings, Inc. (INWK) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS
InnerWorkings, Inc. (NASDAQ:INWK) posted its quarterly earnings data on Monday. The business services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01, Briefing.com reports. InnerWorkings had a return on equity of 8.72% and a net margin of 1.15%. The firm had revenue of $279.53 million during the quarter, compared to the consensus estimate of $282.62 million. During the same period in the prior year, the company earned $0.11 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. InnerWorkings updated its FY17 guidance to $0.46-0.49 EPS.
Shares of InnerWorkings (NASDAQ INWK) traded down 0.35% during mid-day trading on Monday, reaching $11.40. The company’s stock had a trading volume of 217,741 shares. The firm has a market capitalization of $605.56 million, a P/E ratio of 50.00 and a beta of 1.59. InnerWorkings has a 1-year low of $8.07 and a 1-year high of $11.94. The company’s 50-day moving average is $11.42 and its 200 day moving average is $10.46.
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INWK has been the subject of several recent research reports. Zacks Investment Research downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barrington Research increased their price objective on InnerWorkings from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.33.
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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