InnerWorkings (NASDAQ:INWK) announced its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08), Bloomberg Earnings reports. The firm had revenue of $301.00 million during the quarter, compared to analysts’ expectations of $304.90 million. InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. InnerWorkings updated its FY18 guidance to $0.56-0.59 EPS.
INWK stock traded down $0.01 during trading on Wednesday, reaching $9.07. The company’s stock had a trading volume of 26,234 shares, compared to its average volume of 263,987. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.63 and a current ratio of 1.84. The stock has a market capitalization of $494.61, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.20 and a beta of 1.65. InnerWorkings has a one year low of $8.19 and a one year high of $12.03.
A number of brokerages recently issued reports on INWK. Zacks Investment Research upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, January 12th. Lake Street Capital restated a “buy” rating and set a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.20.
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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