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Monday.com (MNDY) Stock Dips While Market Gains: Key Facts
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Monday.com (MNDY - Free Report) closed at $145.09 in the latest trading session, marking a -2.07% move from the prior day. This change lagged the S&P 500's daily gain of 0.46%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.57%.
The stock of project management software developer has risen by 2.01% in the past month, lagging the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 4.22%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company is predicted to post an EPS of $0.91, indicating a 15.74% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $328.99 million, showing a 22.77% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.28 per share and a revenue of $1.23 billion, indicating changes of +22.29% and +26.25%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Monday.com holds a Zacks Rank of #3 (Hold).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 34.64. Its industry sports an average Forward P/E of 29.41, so one might conclude that Monday.com is trading at a premium comparatively.
Meanwhile, MNDY's PEG ratio is currently 1.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.85.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Monday.com (MNDY) Stock Dips While Market Gains: Key Facts
Monday.com (MNDY - Free Report) closed at $145.09 in the latest trading session, marking a -2.07% move from the prior day. This change lagged the S&P 500's daily gain of 0.46%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.57%.
The stock of project management software developer has risen by 2.01% in the past month, lagging the Computer and Technology sector's gain of 4.54% and the S&P 500's gain of 4.22%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company is predicted to post an EPS of $0.91, indicating a 15.74% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $328.99 million, showing a 22.77% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.28 per share and a revenue of $1.23 billion, indicating changes of +22.29% and +26.25%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Monday.com holds a Zacks Rank of #3 (Hold).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 34.64. Its industry sports an average Forward P/E of 29.41, so one might conclude that Monday.com is trading at a premium comparatively.
Meanwhile, MNDY's PEG ratio is currently 1.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.85.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 53, this industry ranks in the top 22% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.