InnerWorkings, Inc. (INWK) Expected to Post Earnings of $0.13 Per Share

Equities analysts expect that InnerWorkings, Inc. (NASDAQ:INWK) will report earnings per share (EPS) of $0.13 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for InnerWorkings’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.14. InnerWorkings reported earnings per share of $0.12 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that InnerWorkings will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.49. For the next year, analysts expect that the business will post 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 a mean average based on a survey of sell-side research firms that that provide coverage for InnerWorkings.

InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $288.40 million during the quarter, compared to the consensus estimate of $289.82 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS.

Several brokerages recently commented on INWK. Lake Street Capital began coverage on shares of InnerWorkings in a research note on Monday, October 2nd. They issued a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research raised shares of InnerWorkings from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Dougherty & Co began coverage on shares of InnerWorkings in a research note on Tuesday, October 31st. They issued a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. InnerWorkings has an average rating of “Buy” and an average price target of $13.60.

InnerWorkings (INWK) opened at $10.12 on Friday. The company has a market cap of $547.81, a P/E ratio of 24.68, a P/E/G ratio of 1.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.63. InnerWorkings has a 52 week low of $9.08 and a 52 week high of $12.03.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of InnerWorkings by 4.6% during the second quarter. Vanguard Group Inc. now owns 3,669,795 shares of the business services provider’s stock valued at $42,570,000 after acquiring an additional 160,330 shares during the last quarter. American Century Companies Inc. raised its stake 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 acquiring an additional 329,304 shares during the last quarter. Boston Partners raised its stake in shares of InnerWorkings by 7.2% during the third quarter. Boston Partners now owns 1,065,420 shares of the business services provider’s stock valued at $11,986,000 after acquiring an additional 71,210 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 acquiring an additional 453,200 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of InnerWorkings by 20.5% during the second quarter. Northern Trust Corp now owns 749,922 shares of the business services provider’s stock valued at $8,699,000 after acquiring an additional 127,702 shares during the last quarter. 80.80% of the stock is owned by hedge funds and other institutional investors.

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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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