InnerWorkings, Inc. (NASDAQ:INWK) Announces Earnings Results
InnerWorkings, Inc. (NASDAQ:INWK) announced its quarterly earnings results on Monday. The business services provider reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01, Briefing.com reports. InnerWorkings had a net margin of 1.15% and a return on equity of 8.72%. The firm had revenue of $279.53 million for the quarter, compared to analyst estimates of $282.62 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. InnerWorkings updated its FY17 guidance to $0.46-0.49 EPS.
Shares of InnerWorkings (NASDAQ:INWK) traded down 0.35% on Monday, reaching $11.40. 217,741 shares of the company’s stock were exchanged. The stock has a market cap of $605.56 million, a P/E ratio of 50.00 and a beta of 1.59. The company’s 50 day moving average price is $11.42 and its 200-day moving average price is $10.46. InnerWorkings has a 52-week low of $8.07 and a 52-week high of $11.94.
A number of research analysts have weighed in on INWK shares. Zacks Investment Research raised shares of InnerWorkings from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 26th. Barrington Research lifted their price target on shares of InnerWorkings from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $15.00 price target on shares of InnerWorkings in a research note on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $13.33.
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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