InnerWorkings Earnings: Here’s Why Investors Like These Results

InnerWorkings Inc. (NASDAQ:INWK) delivered a profit and missed 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. Shares are up 0.26%.

InnerWorkings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 55.56% to $0.04 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 4.72% to $210.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: InnerWorkings Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.05. It missed the average revenue estimate of $218.19 million.

Quoting Management: “We continue to add new blue-chip clients in many regions around the world, as evidenced most recently by the new commitment from Mondelez,” said Eric D. Belcher, Chief Executive Officer of InnerWorkings. “Further, our multinational clients are taking advantage of our new global scale by expanding with us into additional markets. This is a trend we expect will drive significant long-term growth for us.”

Key Stats (on next page)…

Revenue increased 3.22% from $204.32 million in the previous quarter. EPS increased 33.33% from $0.03 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.14 to a profit $0.16. For the current year, the average estimate has moved up from a profit of $0.46 to a profit of $0.50 over the last ninety days.

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