Analysts forecast that InnerWorkings, Inc. (NASDAQ:INWK) will announce earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for InnerWorkings’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. InnerWorkings reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 400%. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.

On average, analysts expect that InnerWorkings will report full year earnings of $0.23 per share for the current year, with EPS estimates ranging from $0.22 to $0.23. For the next financial year, analysts expect that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.34 to $0.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover InnerWorkings.

InnerWorkings (NASDAQ:INWK) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $267.24 million during the quarter, compared to the consensus estimate of $271.13 million. InnerWorkings had a negative return on equity of 1.08% and a negative net margin of 6.91%.

A number of equities analysts recently commented on the company. ValuEngine cut InnerWorkings from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. BidaskClub cut InnerWorkings from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Zacks Investment Research cut InnerWorkings from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Finally, Barrington Research restated a “hold” rating on shares of InnerWorkings in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.00.

Shares of NASDAQ:INWK opened at $3.39 on Friday. The stock has a market cap of $175.80 million, a P/E ratio of -42.38 and a beta of 1.40. InnerWorkings has a 12-month low of $3.12 and a 12-month high of $9.26.

In other news, EVP Oren B. Azar bought 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $3.90 per share, for a total transaction of $39,000.00. Following the acquisition, the executive vice president now directly owns 27,402 shares of the company’s stock, valued at approximately $106,867.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its holdings in InnerWorkings by 38.9% during the 4th quarter. Macquarie Group Ltd. now owns 7,140 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 2,000 shares during the period. Northern Trust Corp boosted its holdings in InnerWorkings by 0.6% during the 4th quarter. Northern Trust Corp now owns 542,018 shares of the business services provider’s stock valued at $2,027,000 after acquiring an additional 2,972 shares during the period. Citigroup Inc. boosted its holdings in InnerWorkings by 14.2% during the 1st quarter. Citigroup Inc. now owns 26,584 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 3,296 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in InnerWorkings by 126.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,320 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 5,209 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of InnerWorkings by 50.3% in the 1st quarter. SG Americas Securities LLC now owns 19,543 shares of the business services provider’s stock valued at $71,000 after buying an additional 6,541 shares during the period. Institutional investors own 83.59% of the company’s stock.

About InnerWorkings

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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