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Monday.com (MNDY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Monday.com (MNDY - Free Report) closed at $94.02, marking a -2.17% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the project management software developer have appreciated by 15.33% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Monday.com in its upcoming release. The company is forecasted to report an EPS of $1.42, showcasing a 22.41% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $368.65 million, up 16.35% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.55 per share and a revenue of $1.47 billion, indicating changes of +26.14% and +19.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Mondaycom. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Monday.com presently features a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Monday.com is currently being traded at a Forward P/E ratio of 17.33. For comparison, its industry has an average Forward P/E of 20.2, which means Monday.com is trading at a discount to the group.
Meanwhile, MNDY's PEG ratio is currently 0.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.16 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 35% 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.
To follow MNDY in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Monday.com (MNDY) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Monday.com (MNDY - Free Report) closed at $94.02, marking a -2.17% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the project management software developer have appreciated by 15.33% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.27%, and the S&P 500's loss of 1.99%.
Market participants will be closely following the financial results of Monday.com in its upcoming release. The company is forecasted to report an EPS of $1.42, showcasing a 22.41% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $368.65 million, up 16.35% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.55 per share and a revenue of $1.47 billion, indicating changes of +26.14% and +19.32%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Mondaycom. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Monday.com presently features a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Monday.com is currently being traded at a Forward P/E ratio of 17.33. For comparison, its industry has an average Forward P/E of 20.2, which means Monday.com is trading at a discount to the group.
Meanwhile, MNDY's PEG ratio is currently 0.91. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 1.16 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 35% 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.
To follow MNDY in the coming trading sessions, be sure to utilize Zacks.com.