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.
Why the Market Dipped But Monday.com (MNDY) Gained Today
Read MoreHide Full Article
The latest trading session saw Monday.com (MNDY - Free Report) ending at $235.29, denoting a +0.89% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.07% for the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 1.19%.
Shares of the project management software developer have depreciated by 18.27% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.8% and the S&P 500's loss of 0.36%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company's upcoming EPS is projected at $0.78, signifying a 20% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $260.96 million, up 28.82% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.20 per share and a revenue of $964.98 million, signifying shifts of +72.97% and +32.24%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Monday.com. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Monday.com is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 73. This indicates a premium in contrast to its industry's Forward P/E of 32.55.
We can additionally observe that MNDY currently boasts a PEG ratio of 1.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.34.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But Monday.com (MNDY) Gained Today
The latest trading session saw Monday.com (MNDY - Free Report) ending at $235.29, denoting a +0.89% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 1.07% for the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 1.19%.
Shares of the project management software developer have depreciated by 18.27% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.8% and the S&P 500's loss of 0.36%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company's upcoming EPS is projected at $0.78, signifying a 20% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $260.96 million, up 28.82% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.20 per share and a revenue of $964.98 million, signifying shifts of +72.97% and +32.24%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Monday.com. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Monday.com is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 73. This indicates a premium in contrast to its industry's Forward P/E of 32.55.
We can additionally observe that MNDY currently boasts a PEG ratio of 1.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.34.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.