IWG (IWGFF) Projected to Release Earnings on Tuesday

IWG (OTCMKTS:IWGFF) will likely be posting its resultson Tuesday, August 11th. Analysts expect the company to announce earnings of $0.0660 per share and revenue of $1.9165 billion for the quarter.

IWG Stock Performance

IWG stock traded down $0.17 on Tuesday, hitting $2.49. 36,185 shares of the stock traded hands, compared to its average volume of 44,210. IWG has a 1 year low of $2.15 and a 1 year high of $3.53. The business’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $2.69.

Analyst Ratings Changes

Separately, BNP Paribas Exane started coverage on IWG in a research note on Monday, April 27th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, IWG currently has an average rating of “Buy”.

IWG Company Profile

IWG plc, trading in the United States under the OTC symbol IWGFF, is a global provider of flexible workspace solutions and serviced offices. Headquartered in Zug, Switzerland, the company offers a range of workspace formats—including private offices, coworking areas, business lounges and meeting facilities—to accommodate the needs of individuals, startups, small and medium-sized enterprises, and multinationals. IWG’s model is built around flexibility, enabling clients to scale their workspace footprint up or down with minimal notice and without long-term lease commitments.

The company operates under several well-known brands, including Regus, Spaces, HQ, Signature by Regus and No18.