InnerWorkings (NASDAQ:INWK) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

InnerWorkings (NASDAQ:INWK) posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03), Fidelity Earnings reports. The firm had revenue of $286.53 million for the quarter, compared to analysts’ expectations of $294.83 million. InnerWorkings had a negative net margin of 3.10% and a positive return on equity of 0.50%.

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Shares of INWK stock traded up $0.10 on Friday, hitting $4.57. 104,600 shares of the stock traded hands, compared to its average volume of 146,218. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $4.71 and a two-hundred day simple moving average of $4.07. InnerWorkings has a 52 week low of $2.58 and a 52 week high of $5.69. The firm has a market cap of $233.03 million, a price-to-earnings ratio of -57.13 and a beta of 1.33.

INWK has been the topic of a number of research analyst reports. BidaskClub downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. ValuEngine downgraded shares of InnerWorkings from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of InnerWorkings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 12th. Craig Hallum upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Friday, August 9th. Finally, Barrington Research upgraded shares of InnerWorkings from a “market perform” rating to an “outperform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.50.

InnerWorkings Company Profile

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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