CORRECTION: Monster Worldwide, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Monster Worldwide, Inc. (NYSE:MWW) will unveil its latest earnings on Thursday, October 27, 2011. Monster Worldwide provides global online employment solutions and services in at least 50 countries around the world.

Monster Worldwide, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 12 cents per share, a rise of 1000% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of 43 cents per share, a swing from a loss of 8 cents last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 9 cents per share, and the previous quarter, it had net income of 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $264.9 million in revenue this quarter, a rise of 14.8% from the year ago quarter. Analysts are forecasting total revenue of $1.08 billion for the year, a rise of 17.5% from last year’s revenue of $919.2 million.

Analyst Ratings: Analysts are bullish on Monster Worldwide as six analysts rate it as a buy, one rates it as a sell and five rate it as a hold.

A Look Back: In the second quarter, the company swung to a profit of $11 million (9 cents a share) from a loss of $3 million (2 cents) a year earlier, beating analyst estimates. Revenue rose 25.5% to $269.7 million from $214.9 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 21.4% in the first quarter from the year earlier, climbed 19.7% in the fourth quarter of the last fiscal year from the year-ago quarter and 6.7% in the third quarter of the last fiscal year.

Competitors to Watch: DICE HOLDINGS, INC. (NYSE:DHX), 51job, Inc. (NASDAQ:JOBS), LiveDeal, Inc. (NASDAQ:LIVE), Hudson Highland Group, Inc. (NASDAQ:HHGP), ManpowerGroup (NYSE:MAN), Volt Information Sciences, Inc. (NYSE:VOL), Mastech Holdings, Inc. (AMEX:MHH), General Employment Enterprises, Inc. (AMEX:JOB), Robert Half Intl. Inc. (NYSE:RHI), Kelly Services, Inc. (NASDAQ:KELYA), SFN Group Inc (NYSE:SFN), Barrett Business Services, Inc. (NASDAQ:BBSI), Kforce Inc. (NASDAQ:KFRC) and TrueBlue, Inc. (NYSE:TBI).

Stock Price Performance: During August 26, 2011 to October 24, 2011, the stock price had risen $1.65 (21.9%) from $7.55 to $9.20. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 8, 2011 when shares rose for seven-straight days, rising 7.6% (+$1.21) over that span. It saw one of its worst periods between January 12, 2011 and January 21, 2011 when shares fell for seven-straight days, falling 10.7% (-$2.58) over that span. Shares are down $14.43 (-61.1%) year to date.

(Source: Xignite Financials)

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