Equities analysts expect InnerWorkings, Inc. (NASDAQ:INWK) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for InnerWorkings’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.12. InnerWorkings posted earnings per share of $0.12 in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The firm is expected to issue its next earnings report after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that InnerWorkings will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.49. For the next year, analysts expect that the business will report earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.61. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for InnerWorkings.

A number of equities research analysts have recently weighed in on INWK shares. Zacks Investment Research upgraded shares of InnerWorkings from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, January 12th. Dougherty & Co started coverage on shares of InnerWorkings in a report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.40.

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of InnerWorkings by 10.4% in the second quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock worth $124,000 after buying an additional 1,007 shares during the period. Voya Investment Management LLC increased its stake in shares of InnerWorkings by 10.9% in the second quarter. Voya Investment Management LLC now owns 26,905 shares of the business services provider’s stock worth $312,000 after buying an additional 2,647 shares during the period. California State Teachers Retirement System increased its stake in shares of InnerWorkings by 5.9% in the second quarter. California State Teachers Retirement System now owns 80,184 shares of the business services provider’s stock worth $930,000 after buying an additional 4,500 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of InnerWorkings by 19.4% in the second quarter. The Manufacturers Life Insurance Company now owns 38,049 shares of the business services provider’s stock worth $441,000 after buying an additional 6,184 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of InnerWorkings by 21.7% in the third quarter. First Trust Advisors LP now owns 36,599 shares of the business services provider’s stock worth $412,000 after buying an additional 6,532 shares during the period. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Shares of InnerWorkings (NASDAQ INWK) traded up $0.06 on Wednesday, hitting $8.87. 285,785 shares of the stock were exchanged, compared to its average volume of 252,767. The company has a market cap of $488.18, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.65. The company has a current ratio of 1.86, a quick ratio of 1.63 and a debt-to-equity ratio of 0.51. InnerWorkings has a 1 year low of $8.19 and a 1 year high of $12.03.

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About InnerWorkings

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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