LinkedIn Corporation (LNKD) is scheduled to report its earnings for the second quarter of 2015 after the markets close on Thursday, July 30. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.29 per share, down from $0.51 in the same quarter last year. Revenue is projected to post a 27.38% yoy increase to $680.22 million from $534 million a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.36 per share
As a quick reminder, LinkedIn reported 1Q/15 EPS of $0.57, in-line with the Street’s consensus estimate. Revs increased 34.87% yoy to $638 million from $473.2 versus the $636.64 million consensus.
The Mountain View, California-based LinkedIn, currently valued at $29.2 billion, has a high Wall Street price target of $307, which reflects a return potential of 32% over the last closing price of the stock.
LinkedIn shares have advanced 5.82% in the last 4 weeks while declining 11.21% in the past three months. Over the past 5 trading sessions the stock has lost 1.10%. Shares of LinkedIn Corporation are up 28.37% year-over-year ; down 0.53% year-to-date.
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