Analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to report $294.83 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for InnerWorkings’ earnings, with the highest sales estimate coming in at $299.00 million and the lowest estimate coming in at $290.65 million. InnerWorkings posted sales of $270.85 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The company is expected to report its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that InnerWorkings will report full year sales of $1.16 billion for the current year, with estimates ranging from $1.15 billion to $1.16 billion. For the next financial year, analysts anticipate that the company will report sales of $1.20 billion, with estimates ranging from $1.19 billion to $1.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow InnerWorkings.
InnerWorkings (NASDAQ:INWK) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. InnerWorkings had a negative net margin of 6.97% and a positive return on equity of 0.15%. The business had revenue of $284.05 million during the quarter, compared to analyst estimates of $286.25 million.
Shares of INWK stock traded up $0.04 on Friday, hitting $4.19. The company’s stock had a trading volume of 116,044 shares, compared to its average volume of 197,223. InnerWorkings has a fifty-two week low of $2.58 and a fifty-two week high of $8.12. The firm’s fifty day moving average price is $3.73. The firm has a market cap of $233.22 million, a PE ratio of -50.75 and a beta of 1.43.
A number of institutional investors and hedge funds have recently made changes to their positions in INWK. BlackRock Inc. boosted its position in shares of InnerWorkings by 8.5% during the 2nd quarter. BlackRock Inc. now owns 3,255,258 shares of the business services provider’s stock valued at $12,434,000 after acquiring an additional 256,375 shares in the last quarter. GMT Capital Corp acquired a new stake in shares of InnerWorkings during the 1st quarter valued at about $5,100,000. D. E. Shaw & Co. Inc. boosted its position in shares of InnerWorkings by 5.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,087,591 shares of the business services provider’s stock valued at $4,154,000 after acquiring an additional 53,023 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of InnerWorkings by 31.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 874,158 shares of the business services provider’s stock valued at $3,339,000 after acquiring an additional 211,279 shares in the last quarter. Finally, Northern Trust Corp boosted its position in InnerWorkings by 0.6% in the fourth quarter. Northern Trust Corp now owns 542,018 shares of the business services provider’s stock valued at $2,027,000 after buying an additional 2,972 shares in the last quarter. Hedge funds and other institutional investors own 83.38% of the company’s stock.
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.
See Also: Support Level
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for InnerWorkings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InnerWorkings and related companies with MarketBeat.com's FREE daily email newsletter.