InnerWorkings (INWK) Announces Quarterly Earnings Results

InnerWorkings (NASDAQ:INWK) announced its earnings results on Monday. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08), Bloomberg Earnings reports. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The company had revenue of $301.00 million for the quarter, compared to the consensus estimate of $304.90 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. InnerWorkings updated its FY18 guidance to $0.56-0.59 EPS.

Shares of InnerWorkings (INWK) opened at $9.66 on Tuesday. InnerWorkings has a 1 year low of $8.19 and a 1 year high of $12.03. The stock has a market cap of $521.20, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 1.20 and a beta of 1.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.86.

Separately, Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.40.

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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.

Earnings History for InnerWorkings (NASDAQ:INWK)

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