We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Monday.com (MNDY) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
In the latest trading session, Monday.com (MNDY - Free Report) closed at $87.06, marking a +2.48% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Prior to today's trading, shares of the project management software developer had lost 8.88% lagged the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 19.83% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $368.65 million, showing a 16.35% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.5 per share and a revenue of $1.47 billion, signifying shifts of +25% and +19.32%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Mondaycom. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Monday.com possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 15.44. This denotes a discount relative to the industry average Forward P/E of 20.16.
We can additionally observe that MNDY currently boasts a PEG ratio of 0.81. 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 1.14 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
Image: Bigstock
Monday.com (MNDY) Gains As Market Dips: What You Should Know
In the latest trading session, Monday.com (MNDY - Free Report) closed at $87.06, marking a +2.48% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Prior to today's trading, shares of the project management software developer had lost 8.88% lagged the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.39, reflecting a 19.83% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $368.65 million, showing a 16.35% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.5 per share and a revenue of $1.47 billion, signifying shifts of +25% and +19.32%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Mondaycom. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Monday.com possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Monday.com is at present trading with a Forward P/E ratio of 15.44. This denotes a discount relative to the industry average Forward P/E of 20.16.
We can additionally observe that MNDY currently boasts a PEG ratio of 0.81. 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 1.14 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.