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Monday.com (MNDY) Declines More Than Market: Some Information for Investors
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In the latest close session, Monday.com (MNDY - Free Report) was down 1.64% at $70.36. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
Prior to today's trading, shares of the project management software developer had lost 9.52% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. The company is expected to report EPS of $1.14, up 4.59% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $354.95 million, reflecting a 18.71% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $1.47 billion, representing changes of +2.05% and +19.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Mondaycom. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. Monday.com is currently a Zacks Rank #3 (Hold).
In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 15.95. This denotes a discount relative to the industry average Forward P/E of 18.33.
It is also worth noting that MNDY currently has a PEG ratio of 1.27. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 0.99 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Monday.com (MNDY) Declines More Than Market: Some Information for Investors
In the latest close session, Monday.com (MNDY - Free Report) was down 1.64% at $70.36. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 1.33%.
Prior to today's trading, shares of the project management software developer had lost 9.52% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. The company is expected to report EPS of $1.14, up 4.59% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $354.95 million, reflecting a 18.71% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $1.47 billion, representing changes of +2.05% and +19.34%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Mondaycom. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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. Monday.com is currently a Zacks Rank #3 (Hold).
In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 15.95. This denotes a discount relative to the industry average Forward P/E of 18.33.
It is also worth noting that MNDY currently has a PEG ratio of 1.27. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 0.99 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.