LinkedIn Corp (NYSE:LNKD) posted financial results above the Street’s estimates, with Non-GAAP diluted EPS for Q1 of $0.38, compared to $0.45 for Q1 of 2013. The company’s revenue for Q1 amounted to $473.2 million, up by 46% on the year. The Street expected earnings of $0.34 per share on revenue of $466 million.
For the next quarter, LinkedIn expects revenue in the range between $500 million and $505 million. Adjusted EBITDA is estimated by the company between $118 million and $120 million. The company also expects depreciation and amortization costs of around $53 million, and stock-based compensation of some $75 million. The Street’s outlook stands at $505 million in revenue for Q2.
For full year, the company forecasts revenue between $2.06 billion and $2.08 billion, while adjusted EBITDA is expected in the range of $505-510 million. LinkedIn also forecasts depreciation and amortization charges of $225 million, and stock-based compensation of some $305 million. Moreover, the Street’s consensus stands at $2.11 billion in revenue for 2014.
The consensus price target stands at $241 for LinkedIn Corp(NYSE:LNKD), 50% premium to the current price, while the consensus rating of the stock is Hold. There are currently 14 Buy ratings, 2 Sell ratings and 12 hold ratings for the company’s stock.
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