LinkedIn Corporation (LNKD) is set to announce its Q116 earnings after the market close on Thursday. Analysts expect the online professional network operator to report earnings per share of $0.60 and revenue of $829.93 million. That would be $0.34 lower the $0.94 per share posted last quarter and $0.03 higher the $0.57 posted in the Q115. Revenue is projected to be $191.93 million higher than the $638 million posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.67 per share.
As a quick reminder, LinkedIn reported Q415 EPS of $0.94, $0.16 better than the Street’s consensus estimate of $0.78. Revenue increased 33.98% year-over-year to $862 million versus the $857.59 million consensus.
Trading & Valuation Metrics
LNKD stock began trading this morning at $119.72 to currently trade 3.58% higher from the prior days close of $118.85. On an intraday basis it has gotten as low as $119.34 and as high as $123.36.
LinkedIn’s current year and next year EPS growth estimates stand at 12.30% and 28.80%, compared to the industry growth rates of 11.50% and 23.20%, respectively. The name has a t-12 price/sales ratio of 5.25. EPS for the same period registers at (1.29).
LNKD stock has a median Street price target of $157.00 with a high target of $250.00. The Palo Alto, Calif.-based name recently traded at $123.10, a gain of $4.25 over Wednesday’s closing price. LinkedIn has a current market capitalization of $16.44 billion.
Shares are down 47.20% since the beginning of the year.