InnerWorkings, Inc. (INWK) Issues FY17 Earnings Guidance
InnerWorkings, Inc. (NASDAQ:INWK) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $0.46-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.49. The company issued revenue guidance of $1.115-1.145 billion, compared to the consensus revenue estimate of $1.16 billion.
InnerWorkings, Inc. (NASDAQ:INWK) traded down 0.35% during midday trading on Monday, hitting $11.40. The company’s stock had a trading volume of 217,741 shares. The company has a market cap of $605.56 million, a PE ratio of 50.00 and a beta of 1.59. InnerWorkings, Inc. has a 52-week low of $8.07 and a 52-week high of $11.94. The stock has a 50 day moving average of $11.42 and a 200 day moving average of $10.46.
InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. InnerWorkings had a return on equity of 8.72% and a net margin of 1.15%. The firm had revenue of $267.40 million for the quarter, compared to analysts’ expectations of $277.43 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts expect that InnerWorkings, Inc. will post $0.49 EPS for the current year.
INWK has been the topic of a number of recent research reports. Zacks Investment Research raised InnerWorkings from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research note on Tuesday, May 30th. Wunderlich reaffirmed a buy rating and set a $15.00 price objective on shares of InnerWorkings in a research note on Friday, June 30th. BidaskClub cut InnerWorkings from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Barrington Research raised their price objective on InnerWorkings from $12.00 to $13.00 and gave the company an outperform rating in a research note on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $13.33.
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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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