Linkedin Earnings: Here’s Why Investors are Buying Shares Now
Linkedin Corporation (NYSE:LNKD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.78%.
Linkedin Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 137.5% to $0.38 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 59.37% to $363.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Linkedin Corporation reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $353.85 million.
Quoting Management: “Accelerated member growth and strong engagement drove record operating and financial results in the second quarter,” said Jeff Weiner, CEO of LinkedIn. “We are continuing to invest in driving scale across the LinkedIn platform in order to fully realize our long-term potential.”
Key Stats (on next page)…
Revenue increased 12.01% from $324.71 million in the previous quarter. EPS decreased 15.56% from $0.45 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.32 and has not changed. For the current year, the average estimate has moved up from a profit of $1.44 to a profit of $1.47 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)