$0.01 Earnings Per Share Expected for InnerWorkings, Inc. (INWK) This Quarter

Equities analysts predict that InnerWorkings, Inc. (NASDAQ:INWK) will report earnings per share of $0.01 for the current quarter, according to Zacks. Two analysts have made estimates for InnerWorkings’ earnings. The highest EPS estimate is $0.04 and the lowest is ($0.03). InnerWorkings posted earnings of ($0.02) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The business is expected to issue its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that InnerWorkings will report full-year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.22. For the next fiscal year, analysts anticipate that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.26 to $0.37. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover InnerWorkings.

InnerWorkings (NASDAQ:INWK) last announced its earnings results on Tuesday, March 5th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.25). InnerWorkings had a negative return on equity of 1.75% and a negative net margin of 6.79%. The company had revenue of $294.20 million for the quarter, compared to analyst estimates of $297.67 million.

A number of research analysts recently issued reports on INWK shares. Zacks Investment Research upgraded InnerWorkings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine raised InnerWorkings from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, BidaskClub lowered InnerWorkings from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.00.

Shares of NASDAQ INWK traded up $0.06 during midday trading on Tuesday, hitting $3.35. The stock had a trading volume of 157,894 shares, compared to its average volume of 166,068. The firm has a market capitalization of $175.11 million, a P/E ratio of -41.88 and a beta of 1.60. InnerWorkings has a 1-year low of $3.12 and a 1-year high of $10.39.

In other news, EVP Oren B. Azar acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of $3.90 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the executive vice president now owns 27,402 shares in the company, valued at $106,867.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of INWK. Vanguard Group Inc lifted its stake in shares of InnerWorkings by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 3,960,020 shares of the business services provider’s stock valued at $31,364,000 after purchasing an additional 93,135 shares in the last quarter. Vanguard Group Inc. lifted its holdings in InnerWorkings by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,960,020 shares of the business services provider’s stock worth $31,364,000 after acquiring an additional 93,135 shares in the last quarter. American Century Companies Inc. lifted its holdings in InnerWorkings by 3.7% during the fourth quarter. American Century Companies Inc. now owns 3,756,089 shares of the business services provider’s stock worth $14,048,000 after acquiring an additional 135,111 shares in the last quarter. BlackRock Inc. lifted its holdings in InnerWorkings by 2.2% during the fourth quarter. BlackRock Inc. now owns 3,084,027 shares of the business services provider’s stock worth $11,534,000 after acquiring an additional 67,468 shares in the last quarter. Finally, Engaged Capital LLC lifted its holdings in InnerWorkings by 51.5% during the fourth quarter. Engaged Capital LLC now owns 2,582,346 shares of the business services provider’s stock worth $9,658,000 after acquiring an additional 877,690 shares in the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.

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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