Maxim Group Comments on Innodata’s Q4 Earnings (NASDAQ:INOD)

Innodata Inc. (NASDAQ:INOD) – Equities research analysts at Maxim Group cut their Q4 2026 earnings per share (EPS) estimates for Innodata in a note issued to investors on Friday, November 6th. Maxim Group analyst A. Klee now anticipates that the technology company will earn $0.05 per share 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) last announced its quarterly earnings data on Thursday, November 5th. The technology company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $95.62 million during the quarter, compared to the consensus estimate of $83.32 million. Innodata had a return on equity of 33.94% and a net margin of 13.84%. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS.

A number of other equities analysts have also weighed in on INOD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Innodata in a research report on Thursday, October 29th. BWS Financial restated a “top pick” rating and set a $140.00 price objective on shares of Innodata in a report on Friday, September 18th. Zacks Research cut shares of Innodata from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Yorkville Ives assumed coverage on shares of Innodata in a research report on Monday, October 5th. They issued an “outperform” rating and a $90.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.67.

Innodata Stock Down 5.2%

Shares of Innodata stock opened at $35.05 on Wednesday. The stock’s fifty day moving average is $56.14 and its 200-day moving average is $60.82. The firm has a market capitalization of $1.21 billion, a PE ratio of 26.98 and a beta of 3.11. The company has a quick ratio of 1.73, a current ratio of 2.84 and a debt-to-equity ratio of 0.05. Innodata has a 12-month low of $34.23 and a 12-month high of $125.14.

Hedge Funds Weigh In On Innodata

Several institutional investors and hedge funds have recently bought and sold shares of INOD. Dimensional Fund Advisors LP lifted its position in shares of Innodata by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 583,239 shares of the technology company’s stock worth $22,517,000 after purchasing an additional 142,192 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Innodata by 13.8% during the first quarter. Janus Henderson Group PLC now owns 526,012 shares of the technology company’s stock worth $20,315,000 after purchasing an additional 63,779 shares during the period. Allspring Global Investments Holdings LLC grew its position in Innodata by 27.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 361,328 shares of the technology company’s stock valued at $25,961,000 after purchasing an additional 76,943 shares in the last quarter. Royal Bank of Canada grew its position in Innodata by 16.7% during the first quarter. Royal Bank of Canada now owns 169,054 shares of the technology company’s stock valued at $6,528,000 after purchasing an additional 24,216 shares in the last quarter. Finally, Rathbones Group PLC grew its position in Innodata by 20.8% during the first quarter. Rathbones Group PLC now owns 144,247 shares of the technology company’s stock valued at $5,571,000 after purchasing an additional 24,837 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

Insiders Place Their Bets

In related news, Director Louise Forlenza sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $290,400.96. This represents a 64.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.80% of the company’s stock.

Key Stories Impacting Innodata

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

About Innodata

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.