UBS Cuts Estimates and PT on Monster Worldwide (MWW); Dice (DHX) Is Telling Us Something
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Price: $3.41 --0%
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Monster Worldwide (NYSE: MWW) price target of $7.50 (from $8.00).
Analyst, John Janedis, said, "We lowered our estimates on both Dice (NYSE: DHX) & Monster on 7/13 given the deteriorating employment environment. DHX’s results suggest the market has weakened faster than we had anticipated. As a result, we’re now assuming ~-7% growth for MWW N.A. Careers in 2H12, with Int’l down ~8%. The bigger risk, in our view, is 2013 given the weakening in the marketplace and the potential that MWW’s global careers business will be negative. We assume MWW will again focus on cost controls for 2H12/’13 given the top line weakness."
"We are lowering our F’12 rev/EBITDA/EPS to $961M / $145M / $0.21, respectively, down from $968M / $151M / $0.24 (FC: $987M / $151M / $0.30). Our revised F’13 rev/EBITDA/EPS estimates are $946M / $138M / $0.18, respectively, down from $991M / $166M / $0.35 (FC: $1,021M / $.173M / $0.44)."
For an analyst ratings summary and ratings history on Monster Worldwide click here. For more ratings news on Monster Worldwide click here.
Shares of Monster Worldwide closed at $7.05 yesterday.
Analyst, John Janedis, said, "We lowered our estimates on both Dice (NYSE: DHX) & Monster on 7/13 given the deteriorating employment environment. DHX’s results suggest the market has weakened faster than we had anticipated. As a result, we’re now assuming ~-7% growth for MWW N.A. Careers in 2H12, with Int’l down ~8%. The bigger risk, in our view, is 2013 given the weakening in the marketplace and the potential that MWW’s global careers business will be negative. We assume MWW will again focus on cost controls for 2H12/’13 given the top line weakness."
"We are lowering our F’12 rev/EBITDA/EPS to $961M / $145M / $0.21, respectively, down from $968M / $151M / $0.24 (FC: $987M / $151M / $0.30). Our revised F’13 rev/EBITDA/EPS estimates are $946M / $138M / $0.18, respectively, down from $991M / $166M / $0.35 (FC: $1,021M / $.173M / $0.44)."
For an analyst ratings summary and ratings history on Monster Worldwide click here. For more ratings news on Monster Worldwide click here.
Shares of Monster Worldwide closed at $7.05 yesterday.
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