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monday.com (MNDY) to Report Q4 Earnings: What's in the Cards?
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monday.com (MNDY - Free Report) is set to report fourth-quarter 2023 results on Feb 12.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $198.29 million, indicating an increase of 32.3% from the year-ago quarter.
The consensus estimate for MNDY’s fourth-quarter earnings has remained steady at 30 cents per share over the past 30 days, indicating a decline of 31.8% from the year-ago quarter.
MNDY’s fourth-quarter results are expected to reflect an increase in customers, driven by the CRM and Enterprise segments. The company’s recent partnerships are likely to have positively impacted the company’s performance in the to-be-reported quarter.
In the third quarter, total sales in CRM accounts accelerated to 11,025 accounts, representing a record number of quarterly net new sales in CRM accounts. This trend is expected to have continued in the to-be-reported quarter.
In the fourth quarter, monday.com announced the new integration with Microsoft’s (MSFT - Free Report) Github to ensure seamless software development flow. This is expected to have boosted CRM account sales in the to-be-reported quarter.
In the third quarter, the company’s fastest-growing customer segment was Enterprise, where customers grew 57% to 2,077, marking a record number of quarterly enterprise customers. This trend is likely to have continued in the to-be-reported quarter.
What Our Model Indicates
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
MNDY has an Earnings ESP of 0.00% and sports a Zacks Rank of 1 at present. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Stocks With a Favorable Combination
Here are a few stocks that, according to our model, have the right combination of elements to beat on earnings this season.
CrowdStrike is scheduled to release fourth-quarter 2023 results on Mar 5. The Zacks Consensus Estimate for CRWD’s earnings is pegged at 82 cents per share, suggesting a jump of 74.5% from the prior-year quarter.
Twilio (TWLO - Free Report) has an Earnings ESP of +31.37% and a Zacks Rank #2 at present.
Twilo is set to announce fourth-quarter 2023 results on Feb 14. The Zacks Consensus Estimate for TWLO’s earnings is pinned at 57 cents per share, indicating growth from the year-ago quarter’s figure of 22 cents per share.
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monday.com (MNDY) to Report Q4 Earnings: What's in the Cards?
monday.com (MNDY - Free Report) is set to report fourth-quarter 2023 results on Feb 12.
The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $198.29 million, indicating an increase of 32.3% from the year-ago quarter.
The consensus estimate for MNDY’s fourth-quarter earnings has remained steady at 30 cents per share over the past 30 days, indicating a decline of 31.8% from the year-ago quarter.
monday.com Ltd. Price and EPS Surprise
monday.com Ltd. price-eps-surprise | monday.com Ltd. Quote
Factors to Note
MNDY’s fourth-quarter results are expected to reflect an increase in customers, driven by the CRM and Enterprise segments. The company’s recent partnerships are likely to have positively impacted the company’s performance in the to-be-reported quarter.
In the third quarter, total sales in CRM accounts accelerated to 11,025 accounts, representing a record number of quarterly net new sales in CRM accounts. This trend is expected to have continued in the to-be-reported quarter.
In the fourth quarter, monday.com announced the new integration with Microsoft’s (MSFT - Free Report) Github to ensure seamless software development flow. This is expected to have boosted CRM account sales in the to-be-reported quarter.
In the third quarter, the company’s fastest-growing customer segment was Enterprise, where customers grew 57% to 2,077, marking a record number of quarterly enterprise customers. This trend is likely to have continued in the to-be-reported quarter.
What Our Model Indicates
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
MNDY has an Earnings ESP of 0.00% and sports a Zacks Rank of 1 at present. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Stocks With a Favorable Combination
Here are a few stocks that, according to our model, have the right combination of elements to beat on earnings this season.
CrowdStrike (CRWD - Free Report) has an Earnings ESP of +0.53% and sports a Zacks Rank #1 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
CrowdStrike is scheduled to release fourth-quarter 2023 results on Mar 5. The Zacks Consensus Estimate for CRWD’s earnings is pegged at 82 cents per share, suggesting a jump of 74.5% from the prior-year quarter.
Twilio (TWLO - Free Report) has an Earnings ESP of +31.37% and a Zacks Rank #2 at present.
Twilo is set to announce fourth-quarter 2023 results on Feb 14. The Zacks Consensus Estimate for TWLO’s earnings is pinned at 57 cents per share, indicating growth from the year-ago quarter’s figure of 22 cents per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.