Equities analysts forecast that InnerWorkings, Inc. (NASDAQ:INWK) will post earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for InnerWorkings’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.10. InnerWorkings reported earnings per share of $0.15 during the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The business is scheduled to announce its next earnings report on Tuesday, November 6th.
On average, analysts expect that InnerWorkings will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.30 to $0.31. For the next year, analysts expect that the company will report earnings of $0.56 per share, with EPS estimates ranging from $0.48 to $0.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow InnerWorkings.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Tuesday, August 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The business had revenue of $281.97 million for the quarter, compared to the consensus estimate of $291.22 million. InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%.
Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 20th. ValuEngine raised shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Barrington Research reaffirmed a “hold” rating on shares of InnerWorkings in a research note on Wednesday, August 22nd. Finally, Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 price target for the company. in a research note on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.
INWK stock opened at $7.36 on Friday. The firm has a market cap of $413.20 million, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51. InnerWorkings has a 52-week low of $5.90 and a 52-week high of $11.95. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.
In other news, CEO Richard S. Stoddart bought 6,847 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was acquired at an average price of $7.67 per share, with a total value of $52,516.49. Following the completion of the purchase, the chief executive officer now directly owns 85,878 shares of the company’s stock, valued at $658,684.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. increased its stake in InnerWorkings by 67.3% in the first quarter. Brown Advisory Inc. now owns 43,563 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 17,529 shares in the last quarter. Russell Investments Group Ltd. increased its stake in InnerWorkings by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 57,845 shares of the business services provider’s stock valued at $524,000 after purchasing an additional 12,305 shares in the last quarter. Summit Global Investments increased its stake in InnerWorkings by 13.3% in the second quarter. Summit Global Investments now owns 74,800 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 8,800 shares in the last quarter. Millennium Management LLC acquired a new position in shares of InnerWorkings during the second quarter valued at about $1,201,000. Finally, Spark Investment Management LLC grew its holdings in shares of InnerWorkings by 55.2% during the second quarter. Spark Investment Management LLC now owns 167,200 shares of the business services provider’s stock valued at $1,452,000 after buying an additional 59,500 shares during the last quarter. 84.16% of the stock is owned by institutional investors and hedge funds.
InnerWorkings, Inc provides marketing execution solutions in North America and internationally. 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.
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