IWG (IWGFF) Expected to Post Quarterly Earnings on Tuesday

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

IWG Price Performance

IWGFF traded down $0.17 during midday trading on Tuesday, hitting $2.49. 36,185 shares of the company traded hands, compared to its average volume of 44,210. The company’s 50-day moving average is $2.54 and its 200 day moving average is $2.69. IWG has a 52 week low of $2.15 and a 52 week high of $3.53.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane assumed coverage on shares of IWG in a report on Monday, April 27th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IWG presently has a consensus 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.