The 10-second takeaway
For the quarter ended March 31 (Q1), Monster Worldwide met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased.
Margins grew across the board.
Monster Worldwide tallied revenue of $212.0 million. The nine analysts polled by S&P Capital IQ predicted sales of $210.5 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $246.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.08. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.08 per share. Non-GAAP EPS of $0.08 for Q1 were 100% higher than the prior-year quarter's $0.04 per share. GAAP EPS of $0.04 for Q1 were 33% higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.0%, 330 basis points better than the prior-year quarter. Operating margin was 6.6%, 300 basis points better than the prior-year quarter. Net margin was 2.4%, 90 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $207.7 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $831.9 million. The average EPS estimate is $0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 249 members out of 323 rating the stock outperform, and 74 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Monster Worldwide a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monster Worldwide is outperform, with an average price target of $7.50.
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