Equities analysts predict that InnerWorkings, Inc. (NASDAQ:INWK) will announce earnings per share of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for InnerWorkings’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.10. InnerWorkings posted earnings per share of $0.15 in the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The business is expected to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that InnerWorkings will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.31. For the next financial year, analysts anticipate that the company will post 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 that provide coverage for InnerWorkings.

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

A number of equities analysts recently issued reports on INWK shares. Barrington Research cut InnerWorkings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 1st. Craig Hallum cut InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a report on Wednesday, August 1st. BidaskClub cut InnerWorkings from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, ValuEngine upgraded InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday, September 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

In related news, CEO Richard S. Stoddart bought 6,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were acquired at an average cost of $7.67 per share, for a total transaction of $52,516.49. Following the acquisition, the chief executive officer now directly owns 85,878 shares of the company’s stock, valued at approximately $658,684.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in shares of InnerWorkings by 67.3% during the first quarter. Brown Advisory Inc. now owns 43,563 shares of the business services provider’s stock valued at $394,000 after buying an additional 17,529 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of InnerWorkings by 27.0% during the first quarter. Russell Investments Group Ltd. now owns 57,845 shares of the business services provider’s stock valued at $524,000 after buying an additional 12,305 shares in the last quarter. Summit Global Investments grew its holdings in shares of InnerWorkings by 13.3% during the second quarter. Summit Global Investments now owns 74,800 shares of the business services provider’s stock valued at $650,000 after buying an additional 8,800 shares in the last quarter. Millennium Management LLC purchased a new position in shares of InnerWorkings during the second quarter valued at $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 in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

Shares of NASDAQ INWK traded down $0.12 during mid-day trading on Friday, reaching $7.25. The company had a trading volume of 156,952 shares, compared to its average volume of 241,442. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $384.50 million, a price-to-earnings ratio of 17.68, a PEG ratio of 1.79 and a beta of 1.52. InnerWorkings has a 1-year low of $5.90 and a 1-year high of $11.53.

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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