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Monday.com (MNDY) Rises But Trails Market: What Investors Should Know
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Monday.com (MNDY - Free Report) ended the recent trading session at $138.49, demonstrating a +0.52% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
The the stock of project management software developer has fallen by 11.47% in the past month, lagging the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Monday.com in its upcoming earnings disclosure. The company's earnings report is set to go public on November 13, 2023. On that day, Monday.com is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 260%. At the same time, our most recent consensus estimate is projecting a revenue of $182.42 million, reflecting a 33.26% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.92 per share and revenue of $715.56 million. These totals would mark changes of +226.03% and +37.87%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Monday.com. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Monday.com is carrying a Zacks Rank of #3 (Hold).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 150.02. This expresses a premium compared to the average Forward P/E of 36.48 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Monday.com (MNDY) Rises But Trails Market: What Investors Should Know
Monday.com (MNDY - Free Report) ended the recent trading session at $138.49, demonstrating a +0.52% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
The the stock of project management software developer has fallen by 11.47% in the past month, lagging the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Monday.com in its upcoming earnings disclosure. The company's earnings report is set to go public on November 13, 2023. On that day, Monday.com is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 260%. At the same time, our most recent consensus estimate is projecting a revenue of $182.42 million, reflecting a 33.26% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.92 per share and revenue of $715.56 million. These totals would mark changes of +226.03% and +37.87%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Monday.com. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Monday.com is carrying a Zacks Rank of #3 (Hold).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 150.02. This expresses a premium compared to the average Forward P/E of 36.48 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.