Monster Worldwide Earnings: Here’s Why the Stock is Rising Now

Monster Worldwide, Inc. (NYSE:MWW) delivered a profit and met 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 10.26%.

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Monster Worldwide, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.29% to $0.08 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Decreased 13.85% to $212 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Monster Worldwide, Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company met the mean analyst estimate of $0.08. It beat the average revenue estimate of $210.47 million.

Quoting Management: Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “The global economy has continued to put pressure on our business and we have taken the difficult, yet necessary steps to streamline our organization and protect future profitability and improve cash flow going forward. We recognize that in this tepid employment market, it is imperative to continuously strengthen our competitive advantages so that we are well positioned for growth when the job market rebounds. Going forward, we are going to build on our existing advanced product portfolio powered by semantic search and develop a number of key initiatives, capitalizing on our strengths and boosting our market share. With the majority of our restructuring efforts now behind us, we are confident in our ability to maintain a healthy balance sheet and a strong liquidity position to continue to support our growth initiatives.”

Key Stats (on next page)…

Revenue increased 1.72% from $208.42 million in the previous quarter. EPS were the same at $0.08 as the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.10 to a profit $0.08. For the current year, the average estimate has moved down from a profit of $0.46 to a profit of $0.37 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)