InnerWorkings (NASDAQ:INWK) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

InnerWorkings (NASDAQ:INWK) released its earnings results on Thursday. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03), Fidelity Earnings reports. The business had revenue of $286.53 million for the quarter, compared to analyst estimates of $294.83 million. InnerWorkings had a positive return on equity of 0.15% and a negative net margin of 6.97%.

InnerWorkings stock traded down $0.45 during mid-day trading on Friday, reaching $4.98. 193,600 shares of the company’s stock were exchanged, compared to its average volume of 188,837. InnerWorkings has a twelve month low of $2.58 and a twelve month high of $5.69. The company has a market cap of $289.83 million, a P/E ratio of -62.25 and a beta of 1.33. The company has a fifty day moving average of $4.64 and a 200-day moving average of $4.03.

A number of equities research analysts have issued reports on the stock. Barrington Research upgraded shares of InnerWorkings from a “market perform” rating to an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. ValuEngine upgraded shares of InnerWorkings from a “buy” rating to a “strong-buy” rating in a report on Friday, November 1st. Craig Hallum upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday, August 9th. Finally, BidaskClub lowered shares of InnerWorkings from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. InnerWorkings currently has a consensus rating of “Buy” and a consensus target price of $5.50.

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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Earnings History for InnerWorkings (NASDAQ:INWK)

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