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Monday.com (MNDY) Advances While Market Declines: Some Information for Investors
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In the latest close session, Monday.com (MNDY - Free Report) was up +2.12% at $67.88. The stock's change was more than the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
The project management software developer's shares have seen a decrease of 8.49% over the last month, not keeping up with the Computer and Technology sector's loss of 8.37% and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Monday.com in its upcoming release. On that day, Monday.com is projected to report earnings of $0.98 per share, which would represent a year-over-year decline of 10.91%. Meanwhile, our latest consensus estimate is calling for revenue of $338.9 million, up 20.07% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.26 per share and a revenue of $1.46 billion, indicating changes of -3.18% and +18.24%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Monday.com possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Monday.com is currently exchanging hands at a Forward P/E ratio of 15.62. This denotes a discount relative to the industry average Forward P/E of 18.36.
Meanwhile, MNDY's PEG ratio is currently 0.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 1.02 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Monday.com (MNDY) Advances While Market Declines: Some Information for Investors
In the latest close session, Monday.com (MNDY - Free Report) was up +2.12% at $67.88. The stock's change was more than the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
The project management software developer's shares have seen a decrease of 8.49% over the last month, not keeping up with the Computer and Technology sector's loss of 8.37% and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Monday.com in its upcoming release. On that day, Monday.com is projected to report earnings of $0.98 per share, which would represent a year-over-year decline of 10.91%. Meanwhile, our latest consensus estimate is calling for revenue of $338.9 million, up 20.07% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.26 per share and a revenue of $1.46 billion, indicating changes of -3.18% and +18.24%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Monday.com possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Monday.com is currently exchanging hands at a Forward P/E ratio of 15.62. This denotes a discount relative to the industry average Forward P/E of 18.36.
Meanwhile, MNDY's PEG ratio is currently 0.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 1.02 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.