InnerWorkings (NASDAQ:INWK) issued its earnings results on Thursday. The business services provider reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01, Morningstar.com reports. The business had revenue of $284.05 million for the quarter, compared to analysts’ expectations of $286.25 million. InnerWorkings had a positive return on equity of 0.15% and a negative net margin of 6.97%. InnerWorkings updated its FY 2019 guidance to $0.20-0.24 EPS.
Shares of InnerWorkings stock traded up $1.66 on Friday, hitting $4.50. 2,918,424 shares of the company were exchanged, compared to its average volume of 106,754. The stock has a market cap of $147.28 million, a PE ratio of 284.00 and a beta of 1.43. The stock’s 50-day moving average is $3.69. InnerWorkings has a 1-year low of $2.58 and a 1-year high of $8.12.
Several brokerages have recently weighed in on INWK. Zacks Investment Research cut InnerWorkings from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. ValuEngine upgraded InnerWorkings from a “hold” rating to a “buy” rating in a report on Saturday. Craig Hallum upgraded InnerWorkings from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Friday. Finally, Barrington Research upgraded InnerWorkings from a “market perform” rating to an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. InnerWorkings has an average rating of “Buy” and a consensus target price of $5.00.
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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