LinkedIn Corp. (LNKD) to Release Earnings on Tuesday
LinkedIn Corp. (NASDAQ:LNKD) is scheduled to be issuing its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $385.57 million for the quarter.
LinkedIn Corp. (NASDAQ:LNKD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 59.4% on a year-over-year basis. On average, analysts expect LinkedIn Corp. to post $1.54 EPS for the current fiscal year and $2.21 EPS for the next fiscal year.
Shares of LinkedIn Corp. (NASDAQ:LNKD) opened at 240.70 on Monday. LinkedIn Corp. has a 1-year low of $94.75 and a 1-year high of $257.56. The stock’s 50-day moving average is $234.6 and its 200-day moving average is $193.3. The company has a market cap of $26.982 billion and a P/E ratio of 915.21.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Sunday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $230.10.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 4,000 shares of LinkedIn Corp. stock on the open market in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $241.19, for a total value of $964,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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