Innodata (INOD) Projected to Post Quarterly Earnings on Thursday

Innodata (NASDAQ:INOD - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.11 per share and revenue of $56.35 million for the quarter. Innodata has set its FY 2025 guidance at EPS.

Innodata (NASDAQ:INOD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $58.34 million during the quarter, compared to analysts' expectations of $57.64 million. Innodata had a net margin of 17.53% and a return on equity of 55.38%. The firm's quarterly revenue was up 120.1% compared to the same quarter last year.

Innodata Stock Up 6.2%

Shares of INOD traded up $2.89 during mid-day trading on Friday, hitting $49.20. 1,830,174 shares of the company's stock were exchanged, compared to its average volume of 2,089,626. The company has a market cap of $1.56 billion, a PE ratio of 47.31 and a beta of 2.68. Innodata has a 52 week low of $13.02 and a 52 week high of $71.00. The company has a 50-day simple moving average of $45.63 and a 200 day simple moving average of $42.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 2.36.

Hedge Funds Weigh In On Innodata

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in shares of Innodata by 30.7% during the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company's stock worth $5,120,000 after buying an additional 33,473 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Innodata by 446.4% during the first quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company's stock worth $3,266,000 after buying an additional 74,320 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Innodata by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company's stock worth $577,000 after buying an additional 711 shares in the last quarter. 30.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INOD shares. Wedbush decreased their price target on shares of Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. BWS Financial reaffirmed a "buy" rating and set a $74.00 price objective on shares of Innodata in a research report on Monday, June 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.00.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.