We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Monday.com (MNDY - Free Report) closed the most recent trading day at $75.47, moving +2.19% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.15%. Meanwhile, the Dow experienced a rise of 1.38%, and the technology-dominated Nasdaq saw an increase of 1.38%.
The project management software developer's stock has dropped by 2.29% in the past month, exceeding the Computer and Technology sector's loss of 5.27% and the S&P 500's loss of 5.69%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company is expected to report EPS of $0.98, down 10.91% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $338.9 million, up 20.07% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.26 per share and a revenue of $1.46 billion, demonstrating changes of -3.18% and +18.24%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Monday.com presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 17.35. This represents a discount compared to its industry average Forward P/E of 19.04.
One should further note that MNDY currently holds a PEG ratio of 0.64. 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 1.07.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Monday.com (MNDY) Beats Stock Market Upswing: What Investors Need to Know
Monday.com (MNDY - Free Report) closed the most recent trading day at $75.47, moving +2.19% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.15%. Meanwhile, the Dow experienced a rise of 1.38%, and the technology-dominated Nasdaq saw an increase of 1.38%.
The project management software developer's stock has dropped by 2.29% in the past month, exceeding the Computer and Technology sector's loss of 5.27% and the S&P 500's loss of 5.69%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. The company is expected to report EPS of $0.98, down 10.91% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $338.9 million, up 20.07% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $4.26 per share and a revenue of $1.46 billion, demonstrating changes of -3.18% and +18.24%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Monday.com presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 17.35. This represents a discount compared to its industry average Forward P/E of 19.04.
One should further note that MNDY currently holds a PEG ratio of 0.64. 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 1.07.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.