Monster Worldwide Inc. (MWW) Issues Q3 Earnings Guidance
Monster Worldwide Inc. (NYSE:MWW) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.00-0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10, American Banking News.com reports.
Monster Worldwide Inc. (NYSE:MWW) traded down 14.95% on Tuesday, hitting $5.63. 690,697 shares of the company’s stock traded hands. Monster Worldwide Inc. has a 52 week low of $4.03 and a 52 week high of $8.50. The stock’s 50-day moving average is $6.53 and its 200-day moving average is $6.70. The company’s market cap is $512.4 million.
Monster Worldwide (NYSE:MWW) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $194.40 million for the quarter, compared to the consensus estimate of $198.81 million. During the same quarter last year, the company posted $0.09 earnings per share. Monster Worldwide’s revenue was down 2.8% compared to the same quarter last year. Analysts expect that Monster Worldwide Inc. will post $0.38 EPS for the current fiscal year.
A number of research firms have recently commented on MWW. Analysts at Zacks reiterated a neutral rating on shares of Monster Worldwide in a research note on Thursday, July 10th. They now have a $7.00 price target on the stock. Analysts at BMO Capital Markets raised their price target on shares of Monster Worldwide from $7.00 to $8.00 in a research note on Thursday, May 15th. They now have an outperform rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Monster Worldwide presently has a consensus rating of Hold and a consensus price target of $7.63.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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