NEW YORK, August 7, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Monster Worldwide, Inc. (NYSE: MWW). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=MWW

Highlights from our MWW Report include: 


        
        - Revenue In Line with Consensus Estimates - According to a Yahoo Finance report on
          July 30, 2015, Monster Worldwide, Inc. reported its Q2 2015 revenues at $180 million,
          which was in line with the Zacks consensus estimate, but declined 2% Y-o-Y from $194
          million reported in Q2 2014, impacted by unfavorable currency translation. Revenue
          from the Company's Careers - North America operations was $119.8 million, down 5.1%
          Y-o-Y. Revenue from Careers - International segment was $61.3 million, up by 3% Y-o-Y
          at constant currency and down 11.3% Y-o-Y at actual rates.  
        - Monster Sees a New 52-Week High Post Q2 Results - On the day following the results,
          Monster stock reached a new 52-week high of $7.45 per share. The Company's Non-GAAP
          net income was $9 million or $0.10 per share, compared to $7 million or $0.08 per
          share in Q2 2014. Monster reported non-GAAP operating expenses of $163 million, down
          10% Y-o-Y. Adjusted EBITDA of $29 million was up by 13% Y-o-Y and adjusted EBITDA
          margin came in at 16%, which increased 290 bps led by Careers - North America which
          expanded to 29%. Moreover, earnings of $0.06 per share (including stock-based
          compensation but excluding one-time items) were in line with the Zacks Consensus
          Estimate.
        - Balance Sheet & Cash Flow - Monster exited the quarter with $107.7 million in cash and
          cash equivalents, compared with $94.3 million as on Dec 31, 2014. Net cash from
          operating activities was $16 million and free cash flow was $9 million. Further,
          deferred revenue was $282 million compared with $304 million as on March 31, 2015.
        - Strong Growth in H1 2015 Net Income - Monster Worldwide reported net income of $7
          million or $0.08 per share during the first half of the fiscal, compared to $2 million
          or $0.02 per share in H1 2014. However total revenue of $364.1 million for the first
          six months of 2015 was lower vis-a-vis $392.6 million reported in the corresponding
          period last year, thereby representing a 2% decline on a constant currency basis and
          7% at actual rates.
        - Guidance for Q3 2015 and Q4 2015 - For Q3 2015, the Company expects non-GAAP earnings
          per share from continuing operations in the range of $0.09 to $0.13, excluding $3 to
          $4 million of stock-based compensation and $1.2 million of non-cash debt discount
          amortization related to the convertible debt and restructuring charges associated with
          its Reallocate to Accelerate program. Further, the Company said that it is on track to
          reach its Q4 2015 EBITDA margin of 18%-22%.

To find out how this influences our rating on Monster Worldwide, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=MWW

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