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LinkedIn Corp (NYSE: LNKD) is set to release its Q1 results on April 28 after market close and is expected to deliver upside in both top and bottom line.
Wall Street expects the online professional network to earn $0.60 a share on revenue of $828.47 million. In the same quarter last year, the company earned $0.57 a share on revenue of $637.69 million.
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The stock saw 13 downgrades after its fourth quarter results on February 4, with 10 of them coming the day after. The downgrades were driven by its weak guidance for Q1. The company guided to a modest sequential decline in revenue and a sharp decline in EBITDA, reflecting EBITDA margin contraction in the first quarter.
Following are the downgrades the stock saw on February 5:
- Monness Crespi Hardt downgraded LinkedIn from Buy to Neutral.
- Atlantic Equities cut the stock from Overweight to Neutral.
- SunTrust Robinson Humphrey downgraded the rating for the company from Buy to Neutral.
- Susquehanna downgraded LinkedIn from Positive to Neutral.
- RBC Capital downgraded LinkedIn from Outperform to Sector Perform
- Mizuho Securities downgraded LinkedIn from Buy to Neutral.
- BMO Capital cut LinkedIn from Outperform to Market Perform.
- Raymond James downgraded LinkedIn from Strong Buy to Market Perform.
- JP Morgan downgraded LinkedIn from Overweight to Neutral.
- Cowen cut the rating on the stock from Outperform to Market Perform
- On March 16, Morgan Stanley downgraded the stock from Overweight to Equal-Weight.
- On March 29, Barclays cut LinkedIn from Overweight to Equal-Weight.
- On April 8, MKM Partners downgraded the stock to Neutral from Buy.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.