MKM Partners Raises Estimate on Monster Worldwide (MWW)

MKM Partners is out with a research report this morning, where it reiterates its Buy rating on Monster Worldwide Inc. (NYSE: MWW); it has a $20.00 price target on the stock.

The MKM analysts cited the company’s most recent earnings report, which were better than expected, on balance. They noted how the company’s operating margins returned to positive territory this quarter as well. The analysts were “particularly encouraged” by the fact that management sees FY 2010 bookings tracking toward the higher end of guidance.

The MKM analysts also noted, “In light of the 2Q10 margin upside, we are raising our FY10 and FY11 EPS estimates to ($0.10) and $0.39, respectively, from ($0.13) and $0.33, respectively.”