InnerWorkings (INWK) Releases FY18 Earnings Guidance

InnerWorkings (NASDAQ:INWK) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $0.56-0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $1.195-1.230 billion, compared to the consensus revenue estimate of $1.20 billion.

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

Shares of InnerWorkings (NASDAQ INWK) traded up $0.03 on Monday, hitting $9.66. The stock had a trading volume of 186,385 shares, compared to its average volume of 240,773. The firm has a market cap of $521.20, a P/E ratio of 20.49, a P/E/G ratio of 1.20 and a beta of 1.65. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. InnerWorkings has a fifty-two week low of $8.19 and a fifty-two week high of $12.03.

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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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