Analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to post $294.87 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for InnerWorkings’ earnings, with estimates ranging from $292.73 million to $297.00 million. InnerWorkings reported sales of $288.39 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The company is scheduled to announce its next earnings report on Tuesday, November 6th.

On average, analysts expect that InnerWorkings will report full-year sales of $1.16 billion for the current year, with estimates ranging from $1.16 billion to $1.17 billion. For the next financial year, analysts anticipate that the business will post sales of $1.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow InnerWorkings.

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

INWK has been the subject of a number of recent research reports. Barrington Research downgraded InnerWorkings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 1st. Craig Hallum downgraded InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Wednesday, August 1st. BidaskClub downgraded InnerWorkings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Zacks Investment Research downgraded InnerWorkings from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, ValuEngine raised InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of INWK opened at $8.02 on Friday. InnerWorkings has a 52-week low of $5.90 and a 52-week high of $12.03. The firm has a market capitalization of $413.72 million, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.48 and a beta of 1.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 0.92.

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

Several large investors have recently modified their holdings of INWK. Victory Capital Management Inc. increased its position in shares of InnerWorkings by 89.0% during the 1st quarter. Victory Capital Management Inc. now owns 36,361 shares of the business services provider’s stock worth $329,000 after purchasing an additional 17,120 shares during the last quarter. Brown Advisory Inc. increased its position in shares of InnerWorkings by 67.3% during the 1st quarter. Brown Advisory Inc. now owns 43,563 shares of the business services provider’s stock worth $394,000 after purchasing an additional 17,529 shares during the last quarter. KBC Group NV increased its position in shares of InnerWorkings by 21.9% during the 1st quarter. KBC Group NV now owns 53,548 shares of the business services provider’s stock worth $485,000 after purchasing an additional 9,630 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of InnerWorkings by 27.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,845 shares of the business services provider’s stock worth $524,000 after purchasing an additional 12,305 shares during the last quarter. Finally, Summit Global Investments increased its position in shares of InnerWorkings by 13.3% during the 2nd quarter. Summit Global Investments now owns 74,800 shares of the business services provider’s stock worth $650,000 after purchasing an additional 8,800 shares during the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.

About InnerWorkings

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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