InnerWorkings, Inc. (NASDAQ:INWK)’s share price fell 5.5% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $8.27 and last traded at $9.13. 730,287 shares changed hands during mid-day trading, an increase of 191% from the average session volume of 250,765 shares. The stock had previously closed at $9.66.
The business services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The company had revenue of $301.00 million during the quarter, compared to analyst estimates of $304.90 million. InnerWorkings had a net margin of 2.04% and a return on equity of 9.53%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS.
INWK has been the subject of several research analyst reports. Lake Street Capital lowered their target price on InnerWorkings from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday. 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.20.
The stock has a market cap of $502.66, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.63.
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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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