Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Innodata, Inc. (INOD)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
$38.62-10.81%
Close 2026-11-05 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
1.62 → 1.62 EPS · FY ending Dec 31, 2027 · 3 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for INOD yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Increase operating income to at least $17.3M in 2026-Q1 equivalent | Operating income nearly doubled from $8.9M to $17.3M in recent quarters. | Intact | operating income falls below $12M in next 4 quarters | Operating income: $15.86M FY2026-Q2; GAAP. Published target: >= $17.3M operating income. Target period is not explicitly aligned with this observation. Aug 6, 202615,860,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 5, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a high-growth technology business with improving profitability, rather than a proven durable compounder. The long-term thesis is intact, but management execution and earnings have shown some uncertainty.
INOD’s valuation is expensive versus peers, and the recent valuation measure rose by 10 points. The expectations gap is elevated, though confidence in that estimate is low; the evidence flags valuation as the main source of fragility, not a combination of weak fundamentals and turbulence.
Near-term results have been strong: revenue grew from $58.4 million in 2025-Q4 to $92.1 million in 2026-Q2, while adjusted EBITDA and gross margin also improved. Management has repeatedly reaffirmed its goal of at least 40% revenue growth in 2026, but the CEO transition and a history of erratic earnings surprises keep execution risk high.
The multi-year thesis depends on sustaining strong revenue growth while continuing to improve profitability. A guidance cut would be a meaningful setback; steadier technology-sector results or lower interest rates could provide a more supportive backdrop, but would not replace company execution.
Over the next 1 to 3 years, INOD’s strong operating progress supports an intact thesis, while expensive valuation and high execution risk make the outlook sensitive to guidance and growth delivery. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Innodata, Inc.'s published investment case. The stated target is >=40% YoY growth. |
| Intact |
| YoY revenue growth falls below ~30% in FY26 |
Revenue growth: 57.8% FY2026-Q2; GAAP. Published target: >=40% YoY growth. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202657.796311 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 2 supplied quarters. Management reported: ““We are reiterating our full-year 2026 revenue growth guidance of 40% or more year-over-year.” ““ With one quarter behind us and progressively increasing visibility into the year ahead, we are raising our full-year 2026 revenue growth guidance to approximately 40% or more year-over-year, up from the approximately 35% or more we guided to ten weeks ago.” Revenue was $92.142 million in 2026-Q2. Delivery assessment Nov 4, 2026 |
Engage in strategic M&A to support growth and expand capabilities | New CFO and strategic M&A support growth and efficiency. | Intact | No material M&A activity or failed deals in FY26 | Qualitative condition This condition has no defined numerical measure. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.00 → $1.62 · observed estimates
$0.46B → $0.46B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-07-25 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-07-26 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-07-27 | $1.73 | $458,229,425 | 3 / 3 |
| 2026-07-28 | $1.73 | $458,229,425 | 3 / 3 |
| 2026-07-29 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-07-30 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-07-31 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-08-01 | $1.73 | $458,229,425 | 3 / 3 |
| 2026-08-02 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-08-03 | $1.73 | $458,229,425 | 3 / 3 |
| 2026-08-04 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-08-05 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-08-06 | $1.73 | $458,229,425 | 3 / 3 |
| 2026-08-07 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-08 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-09 | $2.00 | $458,230,500 | 2 / 4 |
| 2026-08-10 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-12 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-13 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-14 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-15 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-16 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-17 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-18 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-19 | $1.73 | $458,229,425 | 3 / 4 |
| 2026-08-20 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-21 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-22 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-23 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-24 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-25 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-26 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-27 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-28 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-29 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-30 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-08-31 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-01 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-02 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-03 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-04 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-05 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-06 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-07 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-08 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-09 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-10 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-11 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-12 | $1.63 | $460,042,175 | 3 / 4 |
| 2026-09-13 | $1.63 | $456,546,000 | 3 / 4 |
| 2026-09-14 | $1.63 | $456,546,000 | 3 / 4 |
| 2026-09-15 | $1.63 | $456,546,000 | 3 / 4 |
| 2026-09-16 | $1.63 | $456,546,000 | 3 / 4 |
| 2026-09-17 | $1.63 | $456,546,000 | 3 / 3 |
| 2026-09-18 | $1.63 | $456,546,000 | 3 / 3 |
| 2026-09-19 | $1.63 | $456,546,000 | 3 / 3 |
| 2026-09-20 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-21 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-22 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-23 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-24 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-25 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-26 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-27 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-28 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-29 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-09-30 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-01 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-02 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-03 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-04 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-05 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-06 | $1.62 | $456,546,000 | 3 / 4 |
| 2026-10-07 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-08 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-09 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-10 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-11 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-12 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-13 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-14 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-15 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-16 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-17 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-18 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-19 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-20 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-21 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-22 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-23 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-24 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-25 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-26 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-27 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-28 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-29 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-30 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-10-31 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-11-01 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-11-02 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-11-03 | $1.62 | $456,546,000 | 3 / 3 |
| 2026-11-04 | $1.62 | $456,546,000 | 3 / 3 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 4 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.