LinkedIn (LNKD) Earnings: Critical Q4 Stats Investors Need to Know - Stocks in the News
LinkedIn is the largest professional social networking site in the world. The site has changed the way professionals around the world connect, bringing employers and employees together. The company currently has over 325 million members globally.
LNKD has been downgraded in the past week, going from a Zacks Rank #2 (Buy) to a Zacks Rank #3 (Hold). There's a good possibility of this changing in the near future though, as the company posted a beat on earnings after the bell today.
Earnings: LinkedIn beat our consensus calling for EPS of $0.03, and actually reported EPS of $0.12 for the quarter. Our consensus is BNRI (before non-recurring items), so it is also worth noting that the adjusted earnings came in at 61 cents a share compared to a street consensus of 53 cents on this metric.
Revenue: LinkedIn posted a beat on revenues. LinkedIn had revenues of $643.4 million, compared to our consensus estimate of $618 million.
Key stats to note: LinkedIn's hiring business, called Talent Solutions, has had revenue growth close to 50 percent in each of the past 3 quarters. Talent Solutions accounts for close to 60% of the company's revenue, so LinkedIn's success is very dependent on its hiring business.
Stock Price: Shares were up in trading today ahead of the report, finishing up 2.56% by the time the market closed. Shares then shot up over 8% after the earnings announcement in after hours.
Stay tuned for our complete write up of LNKD's earnings report later!
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