Monster Worldwide Inc. (MWW) Releases Q1 Earnings Guidance
Monster Worldwide Inc. (NYSE:MWW) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.06-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07, Analyst Ratings Net reports.
Shares of Monster Worldwide Inc. (NYSE:MWW) opened at 7.10 on Thursday. Monster Worldwide Inc. has a 52-week low of $4.02 and a 52-week high of $7.30. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $5.28. The company’s market cap is $744.6 million.
Monster Worldwide (NYSE:MWW) last announced its earnings results on Thursday, February 6th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.03. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $195.30 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts predict that Monster Worldwide Inc. will post $0.31 earnings per share for the current fiscal year.
MWW has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Monster Worldwide to a sell rating in a research note to investors on Thursday, January 16th. On a related note, analysts at BMO Capital Markets raised their price target on shares of Monster Worldwide from $6.00 to $8.00 in a research note to investors on Monday, January 6th. They now have an outperform rating on the stock. Finally, analysts at Avondale Partners upgraded shares of Monster Worldwide from an underperform rating to a market perform rating in a research note to investors on Friday, December 20th. They now have a $7.00 price target on the stock, up previously from $4.00. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $6.71.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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