Equities Analysts Issue Forecasts for Innodata Q4 Earnings

Key Points

• Maxim Group sharply cut its earnings forecasts, reducing Innodata’s Q4 2026 EPS estimate to $0.05 from $0.24 and lowering its FY2027 estimate to $0.92 from $1.41.
• Innodata’s latest quarter beat expectations, with EPS of $0.29 versus $0.17 expected and revenue of $95.62 million versus $83.32 million; revenue rose 52.8% year over year.
• The company raised its 2026 revenue-growth outlook to at least 42%, citing AI contract wins and robotics expansion, though a terminated program is expected to leave a roughly $12 million revenue gap.

Innodata Inc. (NASDAQ:INOD - Free Report) - Research analysts at Maxim Group decreased their Q4 2026 EPS estimates for Innodata in a research note issued on Friday, November 6th. Maxim Group analyst A. Klee now anticipates that the technology company will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.24. The consensus estimate for Innodata's current full-year earnings is $1.19 per share. Maxim Group also issued estimates for Innodata's Q1 2027 earnings at $0.14 EPS, FY2027 earnings at $0.92 EPS, Q1 2028 earnings at $0.25 EPS, Q2 2028 earnings at $0.34 EPS, Q3 2028 earnings at $0.38 EPS and FY2028 earnings at $1.40 EPS.

Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The technology company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.12. Innodata had a return on equity of 33.94% and a net margin of 13.84%. The business had revenue of $95.62 million during the quarter, compared to the consensus estimate of $83.32 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business's revenue was up 52.8% on a year-over-year basis.

A number of other research analysts have also issued reports on INOD. Weiss Ratings reiterated a "hold (c+)" rating on shares of Innodata in a research report on Thursday, October 29th. BWS Financial reissued a "top pick" rating and set a $140.00 price target on shares of Innodata in a report on Friday, September 18th. Yorkville Ives initiated coverage on shares of Innodata in a research note on Monday, October 5th. They set an "outperform" rating and a $90.00 price objective on the stock. Finally, Zacks Research downgraded shares of Innodata from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Innodata currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.67.

Innodata Stock Down 5.2%

INOD opened at $35.05 on Wednesday. Innodata has a 12 month low of $34.23 and a 12 month high of $125.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.84 and a quick ratio of 1.73. The stock has a market cap of $1.21 billion, a P/E ratio of 26.98 and a beta of 3.11. The stock's 50 day moving average price is $56.14 and its 200 day moving average price is $60.82.

Institutional Trading of Innodata

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of Innodata by 7.4% in the third quarter. Private Advisor Group LLC now owns 8,799 shares of the technology company's stock valued at $579,000 after buying an additional 604 shares during the period. Independent Advisor Alliance grew its holdings in Innodata by 16.2% during the third quarter. Independent Advisor Alliance now owns 3,552 shares of the technology company's stock worth $229,000 after acquiring an additional 496 shares during the period. Meeder Asset Management Inc. grew its holdings in Innodata by 90.0% during the third quarter. Meeder Asset Management Inc. now owns 30,490 shares of the technology company's stock worth $2,005,000 after acquiring an additional 14,440 shares during the period. Public Sector Pension Investment Board bought a new stake in Innodata in the third quarter worth about $2,630,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in Innodata by 18.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,234 shares of the technology company's stock worth $805,000 after acquiring an additional 1,916 shares in the last quarter. Institutional investors own 30.75% of the company's stock.

Insiders Place Their Bets

In other Innodata news, Director Louise Forlenza sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $53.54, for a total value of $535,400.00. Following the completion of the sale, the director directly owned 5,424 shares in the company, valued at $290,400.96. This represents a 64.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.80% of the stock is owned by company insiders.

Key Innodata News

Here are the key news stories impacting Innodata this week:

• Positive Sentiment: Innodata raised its 2026 revenue-growth outlook to at least 42%, citing major AI contract wins and robotics expansion despite a program wind-down. Its latest reported quarter also showed revenue growth of 52.8% year over year and an EPS beat. Article: Innodata Q3 Earnings Call Highlights Growth Outlook and AI Expansion
• Positive Sentiment: Maxim Group forecasts $1.40 in EPS for 2028, suggesting projected earnings growth beyond the near-term reset.
• Negative Sentiment: Maxim sharply reduced its forecasts: Q4 2026 EPS to $0.05 from $0.24, Q1 2027 to $0.14 from $0.31, and FY2027 to $0.92 from $1.41. It also cut FY2026 EPS to $1.17 from $1.32. These reductions point to weaker near-term earnings expectations and could weigh on sentiment.
• Negative Sentiment: A terminated program creates an estimated $12 million revenue gap, reviving concerns about customer concentration, revenue timing and margins. Article: INOD Drops 15.5% in a Week as Program Loss and Margin Risks Resurface

Innodata Company Profile

Innodata Inc. is a data engineering company that helps businesses develop and use artificial intelligence. Its services include preparing and annotating data for AI models, creating and managing training datasets, and providing support for generative AI applications. The company also provides digital content transformation and related services, converting and organizing information for use across digital platforms. Its work serves clients in industries that include technology, publishing, financial services and healthcare.

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