InnerWorkings, Inc. (INWK) Expected to Announce Earnings of $0.13 Per Share

Wall Street analysts predict that InnerWorkings, Inc. (NASDAQ:INWK) will report $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for InnerWorkings’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. InnerWorkings posted earnings of $0.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that InnerWorkings will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.49. For the next financial year, analysts forecast that the company will report earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.61. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for InnerWorkings.

Several brokerages recently commented on INWK. Zacks Investment Research downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Dougherty & Co began coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They set a “buy” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.40.

Shares of InnerWorkings (NASDAQ:INWK) traded up $0.06 during mid-day trading on Wednesday, hitting $8.87. 285,785 shares of the company traded hands, compared to its average volume of 252,767. The company has a market cap of $488.18, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The company has a quick ratio of 1.63, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03.

Several hedge funds have recently made changes to their positions in INWK. Schwab Charles Investment Management Inc. boosted its holdings in InnerWorkings by 12.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 168,482 shares of the business services provider’s stock valued at $1,955,000 after purchasing an additional 19,231 shares during the period. Legal & General Group Plc boosted its holdings in InnerWorkings by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 1,007 shares during the period. Swiss National Bank boosted its holdings in InnerWorkings by 21.6% in the 2nd quarter. Swiss National Bank now owns 82,200 shares of the business services provider’s stock valued at $954,000 after purchasing an additional 14,600 shares during the period. Alliancebernstein L.P. boosted its holdings in InnerWorkings by 44.1% in the 2nd quarter. Alliancebernstein L.P. now owns 24,500 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 7,500 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in InnerWorkings by 32.1% in the 2nd quarter. Teachers Advisors LLC now owns 80,822 shares of the business services provider’s stock valued at $938,000 after purchasing an additional 19,662 shares during the period. 75.30% of the stock is owned by institutional investors and hedge funds.

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About InnerWorkings

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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