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Monday.com (MNDY - Free Report) ended the recent trading session at $69.11, demonstrating a +1.81% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 2.91%. Meanwhile, the Dow gained 2.49%, and the Nasdaq, a tech-heavy index, added 3.83%.
Coming into today, shares of the project management software developer had lost 4.37% in the past month. In that same time, the Computer and Technology sector lost 9.45%, while the S&P 500 lost 7.64%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.98, marking a 10.91% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $338.9 million, up 20.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.26 per share and a revenue of $1.46 billion, signifying shifts of -3.18% and +18.24%, respectively, from the last year.
Any recent changes to analyst estimates for Monday.com should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Monday.com is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Monday.com is currently trading at a Forward P/E ratio of 15.95. This signifies a discount in comparison to the average Forward P/E of 18.75 for its industry.
We can additionally observe that MNDY currently boasts a PEG ratio of 0.58. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.04 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Monday.com (MNDY - Free Report) ended the recent trading session at $69.11, demonstrating a +1.81% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 2.91%. Meanwhile, the Dow gained 2.49%, and the Nasdaq, a tech-heavy index, added 3.83%.
Coming into today, shares of the project management software developer had lost 4.37% in the past month. In that same time, the Computer and Technology sector lost 9.45%, while the S&P 500 lost 7.64%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.98, marking a 10.91% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $338.9 million, up 20.07% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.26 per share and a revenue of $1.46 billion, signifying shifts of -3.18% and +18.24%, respectively, from the last year.
Any recent changes to analyst estimates for Monday.com should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Monday.com is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Monday.com is currently trading at a Forward P/E ratio of 15.95. This signifies a discount in comparison to the average Forward P/E of 18.75 for its industry.
We can additionally observe that MNDY currently boasts a PEG ratio of 0.58. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.04 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 151, positioning it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.