InnerWorkings Earnings: Everything You Must Know Now

InnerWorkings Inc. (NASDAQ:INWK) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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InnerWorkings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 71.43% to $0.02 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Rose 8.35% to $204.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: InnerWorkings Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company met the mean analyst estimate of $0.02. It missed the average revenue estimate of $205.16 million.

Quoting Management: “Our team is excited about our global enterprise opportunity,” said Eric D. Belcher, Chief Executive Officer of InnerWorkings. “Our pipeline is strong and we expect to achieve our new organic enterprise revenue goals again this year.”

Key Stats (on next page)…

Revenue decreased 1.77% from $207.99 million in the previous quarter. EPS decreased 86.67% from $0.15 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.15 to a profit $0.08. For the current year, the average estimate has moved down from a profit of $0.60 to a profit of $0.46 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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