Monster Worldwide Inc. Earnings Cheat Sheet: Beats Street with a Swing Up

S&P 500 (NYSE:SPY) component Monster Worldwide Inc. (NYSE:MWW) reported its results for the third quarter. Monster Worldwide 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 Third Quarter

Results: Reported a profit of $31.8 million (26 cents per diluted share) in the quarter. The advertising agency had a net loss of $5.7 million or a loss of 5 cents per share in the year earlier quarter.

Revenue: Rose 13.2% to $259 million from the year earlier quarter.

Actual vs. Wall St. Expectations: MWW reported adjusted net income of 13 cents per share. By that measure, the company beat the mean estimate of 11 cents per share. It fell short of the average revenue estimate of $264.9 million.

Quoting Management: Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said, “Our Global Careers bookings increased 22% on a year over year basis and we also improved profitability with an operating margin of 10% during the quarter. While our fourth quarter outlook reflects significantly greater uncertainty in the global economy, we are well positioned to grow global market share and expand our customer base worldwide as we leverage our global scale, broad product portfolio, and large seeker audience.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 25.5% to $269.7 million in the second quarter. The figure rose 21.4% in the first quarter from the year earlier and climbed 19.7% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company has now topped analyst estimates for the last three quarters. It beat the mark by one cent in the second quarter and by 2 cents in the first quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 18 cents a share to 17 cents over the last sixty days. The average estimate hasn’t changed from 43 cents per share for the 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).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)

 

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