The 10-second takeaway
For the quarter ended Dec. 31 (Q4), InnerWorkings missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share didn't change.
Gross margins dropped, operating margins grew, net margins dropped.
InnerWorkings logged revenue of $208.0 million. The four analysts polled by S&P Capital IQ anticipated revenue of $217.3 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $175.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The four earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. GAAP EPS of $0.12 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.7%, 60 basis points worse than the prior-year quarter. Operating margin was 4.9%, 60 basis points better than the prior-year quarter. Net margin was 2.9%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $228.5 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $962.9 million. The average EPS estimate is $0.61.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 99 members out of 115 rating the stock outperform, and 16 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give InnerWorkings a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on InnerWorkings is buy, with an average price target of $17.00.
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