Brokerages expect InnerWorkings, Inc. (NASDAQ:INWK) to post earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for InnerWorkings’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. InnerWorkings reported earnings per share of $0.12 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is expected to announce its next earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that InnerWorkings will report full-year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.49. For the next year, analysts expect that the company will post earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for InnerWorkings.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded InnerWorkings from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Dougherty & Co assumed coverage on InnerWorkings in a research report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. InnerWorkings has a consensus rating of “Buy” and an average target price of $13.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in INWK. Buckingham Asset Management LLC purchased a new position in InnerWorkings during the fourth quarter worth approximately $100,000. Legal & General Group Plc lifted its position in InnerWorkings by 10.4% during the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after buying an additional 1,007 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in InnerWorkings during the second quarter worth approximately $127,000. We Are One Seven LLC purchased a new position in InnerWorkings during the fourth quarter worth approximately $144,000. Finally, Teacher Retirement System of Texas purchased a new position in InnerWorkings during the fourth quarter worth approximately $167,000. Institutional investors and hedge funds own 75.30% of the company’s stock.
InnerWorkings (INWK) traded down $0.01 during midday trading on Wednesday, hitting $8.94. The stock had a trading volume of 240,386 shares, compared to its average volume of 283,895. The stock has a market capitalization of $484.39, a P/E ratio of 21.81, a PEG ratio of 1.16 and a beta of 1.65. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.86.
InnerWorkings Company Profile
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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