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Wednesday, October 29, 2014 12:00:37 PM
$LNKD,...Earnings Preview: LinkedIn Q3 2014
Oct. 27, 2014
Summary
> LinkedIn is slated to report 3Q 2014 earnings after the bell on Thursday, October 30th.
> Non-GAAP Earnings Per Share: The current Street estimate is $0.47 (range $0.37 to $0.56).
> Revenues: Company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% y/y to $557.49 million (range $543.12 million to $576.80 million).
Overview
LinkedIn Corp. (NYSE:LNKD) is slated to report 3Q 2014 earnings after the bell on Thursday, October 30th. The earnings release is expected at approximately 4:00 p.m. EST followed at 5:00 p.m. with a webcast presentation available through LinkedIn Investor Relations. LinkedIn is the premier social network for professionals around the globe.
Outliers & Strategy
Key measures:
Non-GAAP Earnings Per Share: The current Street estimate is $0.47 (range $0.37 to $0.56) (Source: Yahoo! Finance). Results have beaten estimates every quarter since the IPO. Consensus was $0.40 three months ago.
Revenues: Company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% y/y to $557.49 million (range $543.12 million to $576.80 million).
Registered User Base: The Registered User Base for 3Q 2014 is projected to increase from 313.4 million at the end of 2Q 2014 to 327.2 million, with estimates running as high as 329.2 million, according to Zacks Investment Research.
Revenue Guidance:
Revenue Guidance (4Q 2014): The Street is looking for an increase of 36.7% y/y to $611.55 million (range $590.40 million to $649.25 million).
Revenue Guidance (FY 2014): Company guidance is currently a range of $2.14 billion to $2.15 billion. Analysts expect a 42.5% increase to $2.18 billion (range $2.14 billion to $2.23 billion).
Analysts are bullish on LinkedIn with 18 Buys, 8 Hold, and 1 Sell rating. (source: Analystratings.net)
Insiders have sold 17,516 shares in the last three months and 13,695 shares over the past year. (source: NASDAQ.com)
LinkedIn shares have a 1-day average price change on earnings of 10.13%. Options are pricing in an implied move of 9.41% off earnings.
Recent News
10/27: Among the leading social media companies based in the United States, LinkedIn Corp. was among those that had the greatest upswings in short interest in early October with a 26% increase to 7% of the float, according to a post on Benzinga.com.
10/16: Lawsuit accuses LinkedIn's "Trusted Reference" of illegally providing detailed information on job applicants without their knowledge, according to a post on Credit.com.
10/10: LinkedIn CEO Jeff Weiner said he's learned a lot from the company's expansion into China and it's an important part of what they are trying to accomplish, according to a post on Bloomberg.com.
09/26: Cowen & Co. upgraded LinkedIn to Outperform from Market Perform and lifted the price target to $253 from $195 based on the view that a new product, Sales Navigator for Enterprises, introduced in August will accelerate revenue, according to a post on InvestorsDaily.com.
Summary
Analysts remain bullish on LinkedIn. The company has optimism surrounding expansion into China, but that is still a slow and developing story. The company has beaten consensus estimates by 1-12c the past four quarters with mixed market reactions. If LinkedIn can report Non-GAAP EPS of at least $0.52 on revenue closer to $565 million, bullish traders would then focus on guidance.
Oct. 27, 2014
Summary
> LinkedIn is slated to report 3Q 2014 earnings after the bell on Thursday, October 30th.
> Non-GAAP Earnings Per Share: The current Street estimate is $0.47 (range $0.37 to $0.56).
> Revenues: Company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% y/y to $557.49 million (range $543.12 million to $576.80 million).
Overview
LinkedIn Corp. (NYSE:LNKD) is slated to report 3Q 2014 earnings after the bell on Thursday, October 30th. The earnings release is expected at approximately 4:00 p.m. EST followed at 5:00 p.m. with a webcast presentation available through LinkedIn Investor Relations. LinkedIn is the premier social network for professionals around the globe.
Outliers & Strategy
Key measures:
Non-GAAP Earnings Per Share: The current Street estimate is $0.47 (range $0.37 to $0.56) (Source: Yahoo! Finance). Results have beaten estimates every quarter since the IPO. Consensus was $0.40 three months ago.
Revenues: Company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% y/y to $557.49 million (range $543.12 million to $576.80 million).
Registered User Base: The Registered User Base for 3Q 2014 is projected to increase from 313.4 million at the end of 2Q 2014 to 327.2 million, with estimates running as high as 329.2 million, according to Zacks Investment Research.
Revenue Guidance:
Revenue Guidance (4Q 2014): The Street is looking for an increase of 36.7% y/y to $611.55 million (range $590.40 million to $649.25 million).
Revenue Guidance (FY 2014): Company guidance is currently a range of $2.14 billion to $2.15 billion. Analysts expect a 42.5% increase to $2.18 billion (range $2.14 billion to $2.23 billion).
Analysts are bullish on LinkedIn with 18 Buys, 8 Hold, and 1 Sell rating. (source: Analystratings.net)
Insiders have sold 17,516 shares in the last three months and 13,695 shares over the past year. (source: NASDAQ.com)
LinkedIn shares have a 1-day average price change on earnings of 10.13%. Options are pricing in an implied move of 9.41% off earnings.
Recent News
10/27: Among the leading social media companies based in the United States, LinkedIn Corp. was among those that had the greatest upswings in short interest in early October with a 26% increase to 7% of the float, according to a post on Benzinga.com.
10/16: Lawsuit accuses LinkedIn's "Trusted Reference" of illegally providing detailed information on job applicants without their knowledge, according to a post on Credit.com.
10/10: LinkedIn CEO Jeff Weiner said he's learned a lot from the company's expansion into China and it's an important part of what they are trying to accomplish, according to a post on Bloomberg.com.
09/26: Cowen & Co. upgraded LinkedIn to Outperform from Market Perform and lifted the price target to $253 from $195 based on the view that a new product, Sales Navigator for Enterprises, introduced in August will accelerate revenue, according to a post on InvestorsDaily.com.
Summary
Analysts remain bullish on LinkedIn. The company has optimism surrounding expansion into China, but that is still a slow and developing story. The company has beaten consensus estimates by 1-12c the past four quarters with mixed market reactions. If LinkedIn can report Non-GAAP EPS of at least $0.52 on revenue closer to $565 million, bullish traders would then focus on guidance.
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