InnerWorkings, Inc. (INWK) Scheduled to Post Earnings on Tuesday
InnerWorkings, Inc. (NASDAQ:INWK) will be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect InnerWorkings to post earnings of $0.14 per share for the quarter. InnerWorkings has set its FY17 guidance at $0.46-0.49 EPS.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. InnerWorkings had a net margin of 1.76% and a return on equity of 8.84%. The firm had revenue of $279.53 million for the quarter, compared to the consensus estimate of $282.62 million. During the same period last year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts expect InnerWorkings to post $0.48 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.
InnerWorkings, Inc. (NASDAQ INWK) traded up 1.49% during trading on Tuesday, hitting $10.92. 85,262 shares of the stock were exchanged. The stock’s 50 day moving average price is $11.29 and its 200 day moving average price is $11.06. InnerWorkings, Inc. has a 12 month low of $8.07 and a 12 month high of $12.03. The stock has a market cap of $584.41 million, a P/E ratio of 31.74 and a beta of 1.61.
INWK has been the subject of a number of research reports. Zacks Investment Research cut shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Lake Street Capital started coverage on shares of InnerWorkings in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 price target for the company. Finally, Dougherty & Co started coverage on shares of InnerWorkings in a report on Tuesday. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. InnerWorkings currently has a consensus rating of “Buy” and an average price target of $14.00.
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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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