Earnings Preview: Monster Worldwide

Oct.28.09 | About: Monster Worldwide, (MWW)

Monster Worldwide (NYSE:MWW) is expected to report Q3 earnings on Thursday, October 29 before the market open with a conference call scheduled for 8:45 am ET.


Analysts are looking for EPS of 0c on revenue of $216.71M. The consensus range is (2c)-2c for EPS, and $213.5M-$222.5M for revenue, according to First Call. Many investors are eager to see Monster's results as the general feeling is that they will provide a window into the state of the job market. The Monster Employment Index fell in September to 119 from 121 in August.

Analyst Views

Despite the decline, the company was upgraded to Overweight from Neutral at J.P. Morgan in early October. The firm believes improvements to Monster's product offering bodes well for the company as the economy improves, and it set a $24 price target on the stock. Monster has beaten analysts' estimates in the past two quarters.