Equities research analysts predict that InnerWorkings, Inc. (NASDAQ:INWK) will report sales of $285.54 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for InnerWorkings’ earnings. The highest sales estimate is $292.30 million and the lowest is $281.74 million. InnerWorkings reported sales of $270.42 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that InnerWorkings will report full-year sales of $285.54 million for the current year, with estimates ranging from $1.12 billion to $1.13 billion. For the next year, analysts anticipate that the business will report sales of $1.17 billion per share, with estimates ranging from $1.17 billion to $1.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow InnerWorkings.

InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $288.40 million for the quarter, compared to the consensus estimate of $289.82 million. InnerWorkings had a return on equity of 9.53% and a net margin of 2.04%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share.

A number of equities analysts have recently issued reports on INWK shares. BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded InnerWorkings from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Lake Street Capital assumed coverage on InnerWorkings in a research report on Monday, October 2nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, Dougherty & Co assumed coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. InnerWorkings currently has an average rating of “Buy” and a consensus target price of $13.60.

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Several institutional investors and hedge funds have recently made changes to their positions in INWK. Stifel Financial Corp purchased a new stake in shares of InnerWorkings during the second quarter valued at $7,623,000. Renaissance Technologies LLC grew its holdings in shares of InnerWorkings by 75.2% during the second quarter. Renaissance Technologies LLC now owns 1,055,500 shares of the business services provider’s stock valued at $12,244,000 after buying an additional 453,200 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of InnerWorkings by 31.4% during the third quarter. American Century Companies Inc. now owns 1,377,614 shares of the business services provider’s stock valued at $15,498,000 after buying an additional 329,304 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in shares of InnerWorkings during the third quarter valued at $2,784,000. Finally, Vanguard Group Inc. grew its holdings in shares of InnerWorkings by 5.2% during the first quarter. Vanguard Group Inc. now owns 3,509,465 shares of the business services provider’s stock valued at $34,955,000 after buying an additional 173,364 shares during the last quarter. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

InnerWorkings (INWK) opened at $10.51 on Wednesday. The stock has a market capitalization of $566.12, a price-to-earnings ratio of 22.25, a PEG ratio of 1.61 and a beta of 1.70. The company has a current ratio of 1.86, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51. InnerWorkings has a 12-month low of $8.84 and a 12-month high of $12.03.

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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Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

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