InnerWorkings (INWK) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS
InnerWorkings (NASDAQ:INWK) announced its earnings results on Thursday. The business services provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.08), Morningstar.com reports. The firm had revenue of $270.85 million during the quarter, compared to analysts’ expectations of $294.87 million. InnerWorkings had a net margin of 0.61% and a return on equity of 3.93%. InnerWorkings updated its FY 2018 guidance to $0.17-0.20 EPS.
NASDAQ INWK traded down $2.80 during trading hours on Friday, reaching $4.24. 989,159 shares of the company were exchanged, compared to its average volume of 163,720. InnerWorkings has a 1 year low of $3.93 and a 1 year high of $11.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 1.04. The company has a market capitalization of $370.42 million, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53.
In related news, CEO Richard S. Stoddart acquired 6,847 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was acquired at an average price of $7.67 per share, for a total transaction of $52,516.49. Following the completion of the acquisition, the chief executive officer now owns 85,878 shares of the company’s stock, valued at approximately $658,684.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.40% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of InnerWorkings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 24th. BidaskClub downgraded shares of InnerWorkings from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine upgraded shares of InnerWorkings from a “strong sell” rating to a “sell” rating in a report on Saturday, September 1st. Barrington Research downgraded shares of InnerWorkings from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 1st. Finally, Craig Hallum downgraded shares of InnerWorkings from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. InnerWorkings currently has a consensus rating of “Hold” and a consensus target price of $11.33.
TRADEMARK VIOLATION NOTICE: “InnerWorkings (INWK) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://theolympiareport.com/2018/11/10/innerworkings-inwk-posts-quarterly-earnings-results-misses-expectations-by-0-08-eps.html.
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.
Featured Story: What is Cost of Debt?
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.