LinkedIn Corp LNKD will beat the Wall Street profit consensus by 7 percent according to a crowd-sourced earnings projection service.
"We believe LinkedIn is going to perform really well," said Leigh Drogen, chief executive of Estimize.
Drogen was speaking April 14 at a conference, sponsored by SunTrust, concerning Internet companies' first quarter earnings.
The Mountain View, California-based social media employment company is set to post quarterly results later Thursday.
LinkedIn is expected to report first quarter profit of $0.56 a share, on revenue of $636.48 million, according to the average estimate of 36 Wall Street analysts polled by Thomson Financial Network.
But Drogen's Estimize service currently projects earnings for LinkedIn of $0.60 a share, on revenue of $648.65 million, according to the average of 120 anonymous estimates.
Related Link: LinkedIn Earnings Preview: The Street And The Crowd Expect To See At Least 50% EPS Growth
That suggests a 7 percent earnings beat on revenue 1.7 percent higher than expected.
In the same mid-April call, Drogen said he expected "a really huge revenue number" from Twitter Inc TWTR.
But Twitter's $436 million in first quarter revenue missed the Estimize projection by more than 6 percent and the Wall Street consensus by more than 4 percent.
On the other hand, Estimize nailed Twitter's $0.07 in first quarter earnings per share, which beat the Wall Street estimate by 75 percent.
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