InnerWorkings, Inc. (NASDAQ:INWK) – Equities researchers at Barrington Research reduced their Q3 2017 earnings estimates for shares of InnerWorkings in a research report issued on Wednesday. Barrington Research analyst K. Steinke now forecasts that the business services provider will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.16. Barrington Research currently has a “Outperform” rating and a $13.00 price target on the stock. Barrington Research also issued estimates for InnerWorkings’ FY2017 earnings at $0.47 EPS and FY2018 earnings at $0.56 EPS.

INWK has been the topic of several other reports. Wunderlich reissued a “buy” rating and issued a $15.00 price objective on shares of InnerWorkings in a research report on Friday, June 30th. Zacks Investment Research lowered InnerWorkings from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, BidaskClub lowered InnerWorkings from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.33.

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InnerWorkings (NASDAQ:INWK) opened at 10.60 on Friday. InnerWorkings has a 1-year low of $8.07 and a 1-year high of $11.94. The firm has a market capitalization of $567.28 million, a PE ratio of 30.81 and a beta of 1.59. The company’s 50-day moving average price is $11.50 and its 200 day moving average price is $10.52.

InnerWorkings (NASDAQ:INWK) last released its earnings results on Monday, August 7th. The business services provider reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. InnerWorkings had a return on equity of 8.84% and a net margin of 1.76%. The firm had revenue of $279.53 million during the quarter, compared to analysts’ expectations of $282.62 million. During the same period in the previous year, the firm posted $0.11 EPS. InnerWorkings’s revenue for the quarter was up 3.8% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in INWK. Legal & General Group Plc increased its stake in shares of InnerWorkings by 10.4% in the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock valued at $124,000 after buying an additional 1,007 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of InnerWorkings during the first quarter valued at $127,000. Round Table Services LLC increased its stake in shares of InnerWorkings by 20.0% in the first quarter. Round Table Services LLC now owns 13,056 shares of the business services provider’s stock valued at $130,000 after buying an additional 2,180 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of InnerWorkings by 11.8% in the first quarter. Alliancebernstein L.P. now owns 17,000 shares of the business services provider’s stock valued at $169,000 after buying an additional 1,800 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of InnerWorkings during the fourth quarter valued at $186,000. Institutional investors own 80.56% of the company’s stock.

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.

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

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