Monster Worldwide Earnings Cheat Sheet: Beats Street, Sales Jump 21.4%

S&P 500 (NYSE:SPY) component Monster Worldwide, Inc. (NYSE:MWW) swung to a profit in the first quarter but still missed analysts’ estimates. Monster Worldwide, Inc. provides global online employment solutions and services in at least 50 countries around the world.

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Monster Worldwide Earnings Cheat Sheet for the First Quarter

Results: Swung to a profit of $78,000 (0 cents/diluted share) in the quarter. The advertising agency had a net loss of $24.2 million or a loss of 20 cents per share in the year earlier quarter.

Revenue: Rose 21.4% to $261.4 million YoY.

Actual vs. Wall St. Expectations: MWW‘s adjusted earnings of 5 cents per share, beat the mean analyst estimate of 3 cents/share, which typically account for special charges. Estimates ranged from 2 cents per share to 7 cents per share.

Quoting Management: Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “We are confident we have the right strategy in place and reiterate our outlook for bookings and revenue growth in 2011 to be in the range of 20 — 25% and remain committed to significantly improving profitability.”

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), Workstream Inc. (WSTM), Mastech Holdings, Inc. (AMEX:MHH), General Employment Enterprises, Inc. (AMEX:JOB), and Resolve Staffing, Inc. (RSFF).

Today’s Performance: Shares of MWW are trading at $17.50 as of April 28, 2011 at 4:55 PM ET, down over 1% from the previous closing price of $17.61.


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