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Monday.com (MNDY) Falls More Steeply Than Broader Market: What Investors Need to Know
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Monday.com (MNDY - Free Report) ended the recent trading session at $76.33, demonstrating a -3.44% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The project management software developer's stock has dropped by 21.84% in the past month, falling short of the Computer and Technology sector's gain of 3.58% and the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. In that report, analysts expect Monday.com to post earnings of $1.39 per share. This would mark year-over-year growth of 19.83%. 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 $5.5 per share and a revenue of $1.47 billion, indicating changes of +25% and +19.32%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Monday.com is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Monday.com has a Forward P/E ratio of 14.37 right now. This represents a discount compared to its industry average Forward P/E of 19.04.
Also, we should mention that MNDY has a PEG ratio of 0.76. 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 average PEG ratio for the Internet - Software industry stood at 1.11 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Monday.com (MNDY) Falls More Steeply Than Broader Market: What Investors Need to Know
Monday.com (MNDY - Free Report) ended the recent trading session at $76.33, demonstrating a -3.44% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
The project management software developer's stock has dropped by 21.84% in the past month, falling short of the Computer and Technology sector's gain of 3.58% and the S&P 500's loss of 0.24%.
Investors will be eagerly watching for the performance of Monday.com in its upcoming earnings disclosure. In that report, analysts expect Monday.com to post earnings of $1.39 per share. This would mark year-over-year growth of 19.83%. 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 $5.5 per share and a revenue of $1.47 billion, indicating changes of +25% and +19.32%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Monday.com is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Monday.com has a Forward P/E ratio of 14.37 right now. This represents a discount compared to its industry average Forward P/E of 19.04.
Also, we should mention that MNDY has a PEG ratio of 0.76. 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 average PEG ratio for the Internet - Software industry stood at 1.11 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.