What To Expect From LinkedIn’s Q2 Earnings

LNKD: LinkedIn logo

LinkedIn (NASDAQ:LNKD) is expected to report its earnings for the second quarter of 2016 on Thursday, August 4th. The company reported solid results in the first quarter, with growth across all its divisions. Overall revenues increased 35% year-over-year (y-o-y) to $861 million driven by a 41% sales increase in Talent Solutions. The company reported non-GAAP earnings of $0.75 per share in Q1 2016, compared to $0.58 per share in Q1 2015 and analyst consensus estimates of $0.60 per share.

In the upcoming second quarter results, we expect LinkedIn to report over 20% revenue growth fueled by strong demand across business segments and a robust increase in member engagement. This will further be driven by initiatives such as redesigning member profiles, expanding the mobile ecosystem and publisher network, strengthening jobs listings, and foraying into newer geographies. We also expect some improvement in profitability owing to operating leverage and increased efficiency.

LinkedIn expects non-GAAP EPS of $0.74-$0.77 in Q2 2016 against an analyst consensus estimate of $0.71. In terms of the top line, it expects Q2 2016 revenue of $885-890 million and full year 2016 revenue to be around $3.65-$3.70 billion, in line with the analyst consensus estimate of $3.67 billion.lnkd-16

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