Will Monster Worldwide, Inc. (MWW)’s Fourth Quarter Earnings Top Estimations?
Monster Worldwide, Inc. (NYSE:MWW) will be reporting its financial numbers for the fourth quarter on Tuesday before the bell. After missing Street analyst’ earnings estimations for three straight quarters, the company managed to surpass their projections in the September quarter. Will the momentum be continued in the fourth quarter too and earnings beat the expectations?
Focus On New Products
Much will depend on how well Monster Worldwide, Inc. (NYSE:MWW) took their initiatives on new products. The company unveiled its fresh products, Monster Twitter Cards, TalentBin by Monster and Talent CRM in July in the Northern American region. The company extended these products to the top tier countries in the European Union in October.
The company has already indicated that its new products were well received by the markets. The job site firm claimed that the products gained traction and that it was continuing its efforts to build on the momentum. For this, Monster was even ready to unveil more novel products in North America, as well as Europe, in the next few quarters.
The top priority for Monster Worldwide, Inc. (NYSE:MWW) was undoubtedly the execution of its tactics, including sales. While releasing third quarter financial details, the company indicated its commitment towards improving EBITDA margins commencing from the fourth quarter.
Therefore, there will be a lot of expectations from the company on at least two primary points. One is the execution of its tactics on its new products, and the other a sustainable improvement in margins. If the company achieves these two, then there is every possibility of its earnings beating the expectations for the second time in a row.
On average, Wall Street analysts’ predict the company to report a 45.45% drop in earnings to six cents a share for the December quarter compared to 11 cents a share achieved in the year-ago quarter. On the top line side, Monster Worldwide, Inc. (NYSE:MWW) expected to witness a 3.1% fall in revenue to $192.62 million by analysts. In comparison, the company generated $198.72 million in revenue in the previous year quarter.
Latest posts by Viraj Shah (see all)
- Tesla Motors Inc (NASDAQ:TSLA)’s Elon Musk Is Going After Semi Truck Industry - November 17, 2017 04:37 AM PDT
- Tesla Motors Inc (NASDAQ:TSLA) Is Not “Hotbed for Racist Behavior” - November 15, 2017 06:58 AM PDT
- Nikola Tesla and Tesla Motors Inc (TSLA) – The Past & Future of the World You Cannot Ignore- Part 1 - May 15, 2017 05:11 AM PDT