InnerWorkings (Nasdaq: INWK) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), InnerWorkings beat expectations on revenues and met expectations on earnings per share.

Compared with the prior-year quarter, revenue improved significantly and GAAP earnings per share improved.

Gross margins dropped, operating margins increased, net margins increased.

Revenue details
InnerWorkings tallied revenue of $188.5 million. The five analysts polled by S&P Capital IQ predicted net sales of $179.5 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $145.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.07 for Q1 were 17% higher than the prior-year quarter's $0.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.0%, 100 basis points worse than the prior-year quarter. Operating margin was 3.1%, 40 basis points better than the prior-year quarter. Net margin was 2.0%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $190.5 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $782.8 million. The average EPS estimate is $0.44.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 99 members out of 114 rating the stock outperform, and 15 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give InnerWorkings a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on InnerWorkings is outperform, with an average price target of $13.75.

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