Earnings Preview: Monster Worldwide

Oct.29.08 | About: Monster Worldwide, (MWW)

Monster Worldwide (NASDAQ:MNST) is expected to report Q3 earnings after market close Thursday, October 30, with a conference call scheduled for 5:00 pm ET.


Analysts are looking for EPS of 33c on revenue of $337.23M. The consensus range is 27c to 41c for EPS, and $323.57M to $349.31M for revenue, according to First Call.

Analyst Views

Deutsche Bank stated in September that analysis of U.S. job postings at Monster suggests continued weakening trends in Q3. In October the firm lowered their target to reflect continued U.S. posting declines, slowdown in international markets and lower exchange rate assumptions, and reiterated a Hold rating.

Wachovia reduced their 2009 EPS estimate for the company in October because the firm is expecting reduced 2009 recruitment budgets based on macro trends, the firm's channel checks, and posting sampling. Wachovia maintained their Market Performance rating.

Also this month Banc of America downgraded shares to Neutral from Buy to reflect a lack of margin stability and their belief consensus estimates remain too high. And Citigroup downgraded the company's shares to Hold from Buy after cutting its estimates to reflect the deteriorating global economic conditions and the strengthening dollar. The firm lowered its target for the company to $14 from $30.