Zacks: Brokerages Anticipate InnerWorkings, Inc. (INWK) to Post $0.13 Earnings Per Share

Analysts forecast that InnerWorkings, Inc. (NASDAQ:INWK) will post earnings per share (EPS) of $0.13 for the current quarter, Zacks reports. Three analysts have made estimates for InnerWorkings’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. InnerWorkings posted earnings per share of $0.12 during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that InnerWorkings will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.49. For the next financial year, analysts forecast that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.61. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow InnerWorkings.

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

A number of research analysts recently commented on the company. Lake Street Capital assumed coverage on InnerWorkings in a research note on Monday, October 2nd. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Dougherty & Co assumed coverage on InnerWorkings in a research note on Tuesday, October 31st. They issued a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $13.40.

Several large investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its stake in shares of InnerWorkings by 6.8% during the second quarter. Prudential Financial Inc. now owns 13,593 shares of the business services provider’s stock valued at $158,000 after buying an additional 860 shares during the last quarter. Legal & General Group Plc grew its stake in shares of InnerWorkings by 10.4% during the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,007 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of InnerWorkings by 10.9% during the second quarter. Voya Investment Management LLC now owns 26,905 shares of the business services provider’s stock valued at $312,000 after buying an additional 2,647 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of InnerWorkings by 5.9% during the second quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock valued at $930,000 after buying an additional 4,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of InnerWorkings by 19.4% during the second quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock valued at $441,000 after buying an additional 6,184 shares during the last quarter. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

InnerWorkings (INWK) traded up $0.20 on Friday, reaching $10.19. The company had a trading volume of 278,489 shares, compared to its average volume of 262,292. The company has a market capitalization of $572.26, a PE ratio of 24.85, a PEG ratio of 1.30 and a beta of 1.68. 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 1-year low of $9.08 and a 1-year high of $12.03.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/28/zacks-brokerages-anticipate-innerworkings-inc-inwk-to-post-0-13-earnings-per-share.html.

About InnerWorkings

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.

Get a free copy of the Zacks research report on InnerWorkings (INWK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply