We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Monday.com (MNDY) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
Monday.com (MNDY - Free Report) closed the most recent trading day at $244.24, moving -1.9% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.
The project management software developer's shares have seen an increase of 11.53% over the last month, surpassing the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08%.
The investment community will be paying close attention to the earnings performance of Monday.com in its upcoming release. On that day, Monday.com is projected to report earnings of $0.54 per share, which would represent year-over-year growth of 31.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $227.96 million, up 29.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.29 per share and a revenue of $944.84 million, demonstrating changes of +23.78% and +29.48%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Monday.com. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Monday.com is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Monday.com currently has a Forward P/E ratio of 108.86. This expresses a premium compared to the average Forward P/E of 29.89 of its industry.
Meanwhile, MNDY's PEG ratio is currently 2.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.74.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Monday.com (MNDY) Stock Declines While Market Improves: Some Information for Investors
Monday.com (MNDY - Free Report) closed the most recent trading day at $244.24, moving -1.9% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.
The project management software developer's shares have seen an increase of 11.53% over the last month, surpassing the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08%.
The investment community will be paying close attention to the earnings performance of Monday.com in its upcoming release. On that day, Monday.com is projected to report earnings of $0.54 per share, which would represent year-over-year growth of 31.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $227.96 million, up 29.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.29 per share and a revenue of $944.84 million, demonstrating changes of +23.78% and +29.48%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Monday.com. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Monday.com is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, Monday.com currently has a Forward P/E ratio of 108.86. This expresses a premium compared to the average Forward P/E of 29.89 of its industry.
Meanwhile, MNDY's PEG ratio is currently 2.61. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.74.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.