Zacks: Brokerages Anticipate InnerWorkings, Inc. (INWK) to Announce $0.05 EPS

Wall Street analysts expect that InnerWorkings, Inc. (NASDAQ:INWK) will report $0.05 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for InnerWorkings’ earnings. InnerWorkings reported earnings of ($0.02) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 350%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that InnerWorkings will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.20 to $0.24. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for InnerWorkings.

InnerWorkings (NASDAQ:INWK) last released its earnings results on Tuesday, March 5th. The business services provider reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.25). InnerWorkings had a positive return on equity of 1.83% and a negative net margin of 4.03%.

A number of brokerages have commented on INWK. BidaskClub cut InnerWorkings from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 14th. ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Barrington Research reaffirmed a “hold” rating on shares of InnerWorkings in a research note on Monday, November 12th. Finally, TheStreet cut InnerWorkings from a “c-” rating to a “d” rating in a research note on Wednesday, November 28th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. InnerWorkings presently has a consensus rating of “Hold” and an average target price of $11.50.

In related news, Director Linda S. Wolf purchased 15,300 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were acquired at an average cost of $3.44 per share, with a total value of $52,632.00. Following the purchase, the director now directly owns 136,032 shares of the company’s stock, valued at $467,950.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of InnerWorkings by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,960,020 shares of the business services provider’s stock valued at $31,364,000 after buying an additional 93,135 shares during the period. Vanguard Group Inc increased its stake in shares of InnerWorkings by 2.4% during the third quarter. Vanguard Group Inc now owns 3,960,020 shares of the business services provider’s stock valued at $31,364,000 after buying an additional 93,135 shares during the period. American Century Companies Inc. increased its stake in shares of InnerWorkings by 3.7% during the fourth quarter. American Century Companies Inc. now owns 3,756,089 shares of the business services provider’s stock valued at $14,048,000 after buying an additional 135,111 shares during the period. BlackRock Inc. increased its stake in shares of InnerWorkings by 2.2% during the fourth quarter. BlackRock Inc. now owns 3,084,027 shares of the business services provider’s stock valued at $11,534,000 after buying an additional 67,468 shares during the period. Finally, Engaged Capital LLC increased its stake in shares of InnerWorkings by 51.5% during the fourth quarter. Engaged Capital LLC now owns 2,582,346 shares of the business services provider’s stock valued at $9,658,000 after buying an additional 877,690 shares during the period. 81.64% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:INWK traded down $0.38 during mid-day trading on Friday, reaching $3.77. The stock had a trading volume of 503,113 shares, compared to its average volume of 128,954. The company has a market capitalization of $263.06 million, a price-to-earnings ratio of 56.44 and a beta of 1.63. InnerWorkings has a one year low of $3.12 and a one year high of $10.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.60 and a quick ratio of 1.37.

InnerWorkings Company Profile

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.

Further Reading: Buyback

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