Brokerages Expect InnerWorkings, Inc. (INWK) to Post $0.12 Earnings Per Share

Wall Street analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to post $0.12 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for InnerWorkings’ earnings, with estimates ranging from $0.10 to $0.15. InnerWorkings reported earnings per share of $0.15 in the same quarter last year, which indicates a negative year over year growth rate of 20%. The company is scheduled to report its next earnings results after the market closes on Thursday, November 8th.

According to Zacks, 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 financial year, analysts forecast that the company will post earnings of $0.56 per share, with EPS estimates ranging from $0.48 to $0.69. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow InnerWorkings.

InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Tuesday, August 14th. The business services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%. The business had revenue of $281.97 million during the quarter, compared to analysts’ expectations of $291.22 million.

A number of equities research analysts have commented on INWK shares. Barrington Research reiterated a “hold” rating on shares of InnerWorkings in a research note on Wednesday, August 22nd. Craig Hallum cut 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. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. BidaskClub cut InnerWorkings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Finally, ValuEngine upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.33.

InnerWorkings stock opened at $7.04 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 0.92. InnerWorkings has a one year low of $5.90 and a one year high of $11.04. The stock has a market capitalization of $373.55 million, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.53.

In other news, CEO Richard S. Stoddart acquired 6,847 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were acquired at an average cost of $7.67 per share, with a total value of $52,516.49. Following the completion of the acquisition, the chief executive officer now owns 85,878 shares of the company’s stock, valued at $658,684.26. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Eagle Boston Investment Management Inc. increased its holdings in shares of InnerWorkings by 4.9% in the third quarter. Eagle Boston Investment Management Inc. now owns 1,290,089 shares of the business services provider’s stock valued at $10,217,000 after purchasing an additional 59,752 shares during the period. Alliancebernstein L.P. increased its holdings in shares of InnerWorkings by 72.5% in the third quarter. Alliancebernstein L.P. now owns 48,830 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 20,530 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of InnerWorkings by 36.0% in the third quarter. JPMorgan Chase & Co. now owns 34,457 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 9,125 shares during the period. Stone Ridge Asset Management LLC increased its holdings in shares of InnerWorkings by 14.7% in the third quarter. Stone Ridge Asset Management LLC now owns 76,947 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 9,863 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of InnerWorkings by 46.5% in the third quarter. American Century Companies Inc. now owns 3,620,978 shares of the business services provider’s stock valued at $28,678,000 after purchasing an additional 1,149,419 shares during the period. 82.54% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

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