InnerWorkings, Inc. (INWK) Forecasted to Earn Q3 2017 Earnings of $0.15 Per Share

InnerWorkings, Inc. (NASDAQ:INWK) – Stock analysts at William Blair boosted their Q3 2017 earnings estimates for InnerWorkings in a research report issued to clients and investors on Tuesday. William Blair analyst T. Mulrooney now forecasts that the business services provider will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.14. William Blair also issued estimates for InnerWorkings’ Q4 2017 earnings at $0.13 EPS and FY2018 earnings at $0.56 EPS.

InnerWorkings (NASDAQ:INWK) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $279.53 million during the quarter, compared to analyst estimates of $282.62 million. InnerWorkings had a net margin of 1.76% and a return on equity of 8.84%. InnerWorkings’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. ILLEGAL ACTIVITY NOTICE: “InnerWorkings, Inc. (INWK) Forecasted to Earn Q3 2017 Earnings of $0.15 Per Share” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2796204/innerworkings-inc-inwk-forecasted-to-earn-q3-2017-earnings-of-0-15-per-share.html.

INWK has been the subject of a number of other reports. Wunderlich reaffirmed a “buy” rating and issued a $15.00 price target on shares of InnerWorkings in a report on Friday, June 30th. Zacks Investment Research downgraded InnerWorkings from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Barrington Research upped their price target on InnerWorkings from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, May 10th. Finally, BidaskClub downgraded InnerWorkings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $13.33.

InnerWorkings (NASDAQ:INWK) opened at 10.615 on Thursday. InnerWorkings has a 12 month low of $8.07 and a 12 month high of $11.94. The stock has a market capitalization of $563.86 million, a price-to-earnings ratio of 46.557 and a beta of 1.59. The company has a 50 day moving average of $11.52 and a 200 day moving average of $10.52.

A number of institutional investors have recently made changes to their positions in INWK. Legal & General Group Plc increased its position in shares of InnerWorkings by 10.4% in the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after buying an additional 1,007 shares during the period. Prudential Financial Inc. acquired a new position in shares of InnerWorkings during the first quarter worth about $127,000. Round Table Services LLC increased its position in shares of InnerWorkings by 20.0% in the first quarter. Round Table Services LLC now owns 13,056 shares of the business services provider’s stock worth $130,000 after buying an additional 2,180 shares during the period. Alliancebernstein L.P. increased its position in shares of InnerWorkings by 11.8% in the first quarter. Alliancebernstein L.P. now owns 17,000 shares of the business services provider’s stock worth $169,000 after buying an additional 1,800 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of InnerWorkings during the fourth quarter worth about $186,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

InnerWorkings Company Profile

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.

Earnings History and Estimates for InnerWorkings (NASDAQ:INWK)

Receive News & Ratings for InnerWorkings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.