Innodata Inc. Expected to Earn Q2 2024 Earnings of $0.00 Per Share (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) – Research analysts at BWS Financial issued their Q2 2024 earnings estimates for Innodata in a report released on Wednesday, May 22nd. BWS Financial analyst H. Khorsand forecasts that the technology company will earn $0.00 per share for the quarter. BWS Financial has a “Buy” rating and a $24.00 price target on the stock. The consensus estimate for Innodata’s current full-year earnings is $0.18 per share. BWS Financial also issued estimates for Innodata’s Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.24 EPS and FY2025 earnings at $0.51 EPS.

Innodata (NASDAQ:INOD) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.03 EPS for the quarter. Innodata had a return on equity of 9.08% and a net margin of 2.33%. The firm had revenue of $26.50 million for the quarter.

Separately, TheStreet upgraded shares of Innodata from a “d” rating to a “c-” rating in a research report on Friday, February 23rd.

Innodata Price Performance

Shares of NASDAQ INOD opened at $12.96 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $372.60 million, a PE ratio of 216.04 and a beta of 2.02. Innodata has a one year low of $5.46 and a one year high of $15.36. The firm has a fifty day moving average of $7.77 and a 200 day moving average of $8.17.

Institutional Investors Weigh In On Innodata

Hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC acquired a new position in Innodata during the fourth quarter worth about $1,299,000. Raymond James & Associates purchased a new position in Innodata in the 3rd quarter worth approximately $590,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Innodata during the 4th quarter worth approximately $187,000. Legato Capital Management LLC purchased a new stake in shares of Innodata in the fourth quarter valued at approximately $520,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Innodata in the third quarter valued at approximately $100,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.