LinkedIn Corporation (LinkedIn), is a professional network on the Internet with approximately 277 million members in over 200 countries and territories. LNKD is currently trading around $196.48 in a 52 week range of $136.02 – 242.70. The company’s stock has been underperforming the NASDAQ this year with shares decreasing 9.35% year to date. Shares have traded up 4.93% in the last 3 months.
LinkedIn is scheduled to be posting its Q314 quarterly earnings results at 5PM EDT on Thursday, October 30th. Analysts expect LinkedIn Corp to post earnings of $0.47 per share and company guidance is a range of $543 million to $547 million. Analysts expect an increase of 41.9% year-over-year to $557.49 million. Revenue guidance is currently a range of $2.14 billion to $2.15 billion. Analysts expect 3it to increase to $2.18 billion.
Looking at the company’s earnings history, LNKD has rallied 3 of the last 8 quarters. On average, the stock has moved about 10.1% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 8.8% move in the stock for the October 31 option chain. LNKD is currently trading neutral in the Ichimoku Cloud on the daily chart.