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Monday.com (MNDY) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Monday.com (MNDY - Free Report) was down 1.46% at $66.71. This change lagged the S&P 500's 0.08% gain on the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
The project management software developer's stock has dropped by 16.48% in the past month, falling short of the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Monday.com in its upcoming release. In that report, analysts expect Monday.com to post earnings of $0.98 per share. This would mark a year-over-year decline of 10.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $338.9 million, up 20.07% from the year-ago period.
MNDY's full-year Zacks Consensus Estimates are calling for earnings of $4.26 per share and revenue of $1.46 billion. These results would represent year-over-year changes of -3.18% and +18.24%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Monday.com is currently a Zacks Rank #3 (Hold).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 15.9. This indicates a discount in contrast to its industry's Forward P/E of 19.31.
Also, we should mention that MNDY has 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. Internet - Software stocks are, on average, holding a PEG ratio of 1.07 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 146, finds itself in the bottom 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Monday.com (MNDY) Stock Sinks As Market Gains: Here's Why
In the latest close session, Monday.com (MNDY - Free Report) was down 1.46% at $66.71. This change lagged the S&P 500's 0.08% gain on the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
The project management software developer's stock has dropped by 16.48% in the past month, falling short of the Computer and Technology sector's loss of 2.82% and the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Monday.com in its upcoming release. In that report, analysts expect Monday.com to post earnings of $0.98 per share. This would mark a year-over-year decline of 10.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $338.9 million, up 20.07% from the year-ago period.
MNDY's full-year Zacks Consensus Estimates are calling for earnings of $4.26 per share and revenue of $1.46 billion. These results would represent year-over-year changes of -3.18% and +18.24%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Monday.com is currently a Zacks Rank #3 (Hold).
Investors should also note Monday.com's current valuation metrics, including its Forward P/E ratio of 15.9. This indicates a discount in contrast to its industry's Forward P/E of 19.31.
Also, we should mention that MNDY has 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. Internet - Software stocks are, on average, holding a PEG ratio of 1.07 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 146, finds itself in the bottom 41% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.