Innodata (INOD) Expected to Announce Earnings on Thursday

Innodata (NASDAQ:INOD - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect Innodata to post 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 released its earnings results on Thursday, May 8th. The technology company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.05. Innodata had a return on equity of 55.38% and a net margin of 17.53%. The company had revenue of $58.34 million during the quarter, compared to the consensus estimate of $57.64 million. The company's revenue for the quarter was up 120.1% on a year-over-year basis.

Innodata Price Performance

Shares of NASDAQ:INOD traded down $1.11 on Thursday, reaching $46.31. 1,612,803 shares of the company were exchanged, compared to its average volume of 2,160,949. The company has a 50-day moving average of $45.38 and a 200-day moving average of $42.44. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 44.53 and a beta of 2.68. Innodata has a 1-year low of $13.02 and a 1-year high of $71.00.

Hedge Funds Weigh In On Innodata

Several institutional investors have recently added to or reduced their stakes in INOD. AQR Capital Management LLC increased its holdings in Innodata by 446.4% in the 1st quarter. AQR Capital Management LLC now owns 90,968 shares of the technology company's stock valued at $3,266,000 after purchasing an additional 74,320 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Innodata by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,085 shares of the technology company's stock worth $577,000 after purchasing an additional 711 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Innodata by 30.7% in the first quarter. Millennium Management LLC now owns 142,608 shares of the technology company's stock worth $5,120,000 after purchasing an additional 33,473 shares during the period. 30.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INOD has been the topic of several recent research reports. BWS Financial reaffirmed a "buy" rating and issued a $74.00 price target on shares of Innodata in a report on Monday, June 16th. Wedbush cut their price target on Innodata from $75.00 to $58.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Innodata presently has an average rating of "Moderate Buy" and a consensus 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.