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

Monster Worldwide, Inc. (NYSE:MWW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.57%.

Monster Worldwide, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $0.09 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Decreased 15.61% to $200 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Monster Worldwide, Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.08. It missed the average revenue estimate of $207.49 million.

Quoting Management: “We are aggressively pursuing the execution of our business strategy and are also developing a number of new strategies to better position the Company for sustained, long term revenue growth in the evolving job market. Over 200 million people have registered on the Monster Worldwide network and we continue to drive quality job applies to our customers,” said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide. “While the global economy has continued to put pressure on our business, with Europe being our weakest region, we were encouraged to see some stabilizing trends in each of our major markets during the quarter. Our second quarter results demonstrate our ability to control costs and protect profitability, even in a challenging market environment. And consistent with our objective to enhance shareholder returns, we successfully repurchased $23 million worth of our shares.”

Key Stats (on next page)…

Revenue decreased 5.66% from $211.99 million in the previous quarter. EPS increased 12.5% from $0.08 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 $0.09 and has not changed. For the current year, the average estimate has moved down from a profit of $0.36 to a profit of $0.34 over the last ninety days.

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