InnerWorkings, Inc. (NASDAQ:INWK) – Investment analysts at Barrington Research issued their Q1 2018 earnings per share estimates for shares of InnerWorkings in a research note issued to investors on Wednesday. Barrington Research analyst K. Steinke anticipates that the business services provider will earn $0.08 per share for the quarter. Barrington Research also issued estimates for InnerWorkings’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.56 EPS and FY2019 earnings at $0.65 EPS.
Several other research analysts also recently commented on INWK. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Friday, January 12th. Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. InnerWorkings currently has a consensus rating of “Hold” and a consensus target price of $13.20.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings results on Monday, March 12th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $301.00 million for the quarter, compared to the consensus estimate of $304.90 million. InnerWorkings had a net margin of 1.67% and a return on equity of 8.09%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in INWK. State Street Corp raised its holdings in InnerWorkings by 9.0% in the 2nd quarter. State Street Corp now owns 714,054 shares of the business services provider’s stock worth $8,286,000 after acquiring an additional 59,193 shares during the period. The Manufacturers Life Insurance Company raised its holdings in InnerWorkings by 19.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock worth $441,000 after acquiring an additional 6,184 shares during the period. California State Teachers Retirement System raised its holdings in InnerWorkings by 5.9% in the 2nd quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock worth $930,000 after acquiring an additional 4,500 shares during the period. First Trust Advisors LP raised its holdings in InnerWorkings by 21.7% in the 3rd quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock worth $412,000 after acquiring an additional 6,532 shares during the period. Finally, Victory Capital Management Inc. bought a new position in InnerWorkings in the 3rd quarter worth $198,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.
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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