InnerWorkings (INWK) Updates FY18 Earnings Guidance

InnerWorkings (NASDAQ:INWK) issued an update on its FY18 earnings guidance on Monday morning. 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.

Shares of InnerWorkings (INWK) opened at $9.13 on Wednesday. InnerWorkings has a 52-week low of $8.19 and a 52-week high of $12.03. The company has a current ratio of 1.86, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51. The stock has a market cap of $522.82, a P/E ratio of 23.56, a P/E/G ratio of 1.20 and a beta of 1.65.

InnerWorkings (NASDAQ:INWK) last issued its earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). InnerWorkings had a net margin of 1.67% and a return on equity of 8.09%. The company had revenue of $301.00 million during the quarter, compared to analyst estimates of $304.90 million. During the same quarter in the prior year, the business earned $0.12 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. analysts forecast that InnerWorkings will post 0.6 earnings per share for the current fiscal year.

A number of analysts have weighed in on INWK shares. Lake Street Capital cut their target price on shares of InnerWorkings from $14.00 to $13.00 and set a buy rating on the stock in a research report on Tuesday. Zacks Investment Research upgraded shares of InnerWorkings from a hold rating to a buy rating and set a $11.00 target price on the stock in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $13.20.

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About InnerWorkings

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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