Wunderlich Previews LinkedIn Q3 Earnings
Wunderlich Securities issued a Q3 earnings preview for LinkedIn Corp (NYSE: LNKD) Wednesday. The firm maintained a Buy rating and $250 price target.
Analyst Blake T. Harper expected the company to "once again post revenues, EBITDA, and EPS well ahead of consensus."
"Q4 guidance will likely determine the direction the stock trades in the near term and, given the guidance from several social networking peers along with the subsequent negative market reactions, we are more cautious in the near term while still confident in the company's longer term ability to execute on its growth opportunities," according to the report.
Harper noted that "despite the higher [capex] investments, the company has increased its FY14 EBITDA margin guidance from 24 percent at the beginning of the year to 26 percent last quarter based on the midpoints of its guidance ranges. We are modeling 26 percent in FY15 and longer term we expect the company to be able to post 30 percent+ margins and stronger free cash flow."
Wunderlich expected revenue of $565 million, EBITDA of $139.6 million and EPS of $0.51 versus the consensus of $0.47.
The company will report earnings Thursday after the close.
LinkedIn Corp closed Tuesday at $205.35.
Latest Ratings for LNKD
Oct 2014 | Susquehanna | Maintains | Positive | |
Sep 2014 | Cowen & Company | Upgrades | Market Perform | Outperform |
Aug 2014 | First Analysis | Initiates Coverage on | Overweight |
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