InnerWorkings, Inc. (INWK) Expected to Announce Quarterly Sales of $283.10 Million

Equities analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to announce sales of $283.10 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for InnerWorkings’ earnings. The lowest sales estimate is $279.40 million and the highest is $286.00 million. InnerWorkings posted sales of $267.39 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that InnerWorkings will report full-year sales of $283.10 million for the current financial year, with estimates ranging from $1.20 billion to $1.21 billion. For the next year, analysts expect that the company will post sales of $1.28 billion per share, with estimates ranging from $1.27 billion to $1.28 billion. Zacks’ sales averages are an average based on a survey of research firms that cover InnerWorkings.

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InnerWorkings (NASDAQ:INWK) last released its 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). InnerWorkings had a net margin of 1.67% and a return on equity of 8.01%. The company had revenue of $301.00 million during the quarter, compared to the consensus estimate of $304.90 million. During the same period last year, the firm posted $0.12 EPS. The company’s revenue was up 11.3% on a year-over-year basis.

INWK has been the subject of a number of recent research reports. Zacks Investment Research raised InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Friday, January 12th. Lake Street Capital reissued a “buy” rating and issued a $13.00 target price (down previously from $14.00) on shares of InnerWorkings in a research note on Tuesday, March 13th. ValuEngine lowered InnerWorkings from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, BidaskClub raised InnerWorkings from a “strong sell” rating to a “sell” rating in a research note on Saturday. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.20.

A number of large investors have recently made changes to their positions in INWK. Buckingham Asset Management LLC purchased a new position in shares of InnerWorkings during the 4th quarter worth approximately $100,000. We Are One Seven LLC purchased a new position in shares of InnerWorkings during the 4th quarter worth approximately $144,000. Teacher Retirement System of Texas purchased a new position in shares of InnerWorkings during the 4th quarter worth approximately $167,000. Ellington Management Group LLC purchased a new position in shares of InnerWorkings during the 4th quarter worth approximately $173,000. Finally, Jefferies Group LLC purchased a new position in shares of InnerWorkings during the 4th quarter worth approximately $179,000. Institutional investors own 81.86% of the company’s stock.

NASDAQ INWK opened at $9.39 on Friday. InnerWorkings has a 1-year low of $8.19 and a 1-year high of $12.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.84 and a quick ratio of 1.67. The stock has a market capitalization of $508.54, a PE ratio of 22.90, a P/E/G ratio of 1.23 and a beta of 1.62.

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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.

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