Monster Worldwide Trading Down 11.9% on Disappointing Earnings (MWW)
Shares of Monster Worldwide (NYSE:MWW) traded down 11.9% during mid-day trading on Tuesday following a dissappointing earnings announcement, Analyst RN reports. The company traded as low as $5.53 and last traded at $5.83, with a volume of 1,916,645 shares traded. The stock had previously closed at $6.62.
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.
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 research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.63.
The stock has a 50-day moving average of $6.53 and a 200-day moving average of $6.70. The company’s market cap is $508.8 million.
Monster Worldwide, Inc (NYSE:MWW) is parent company of Monster, the global online employment solution.
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