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) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
Monday.com (MNDY - Free Report) closed at $84.29 in the latest trading session, marking a +1.97% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the project management software developer had lost 9.23% in the past month. In that same time, the Computer and Technology sector gained 6.31%, while the S&P 500 gained 0.84%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. In that report, analysts expect Monday.com to post earnings of $1.43 per share. This would mark year-over-year growth of 23.28%. In the meantime, our current consensus estimate forecasts the revenue to be $368.34 million, indicating a 16.25% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.58 per share and a revenue of $1.47 billion, indicating changes of +26.82% and +19.29%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.85% increase. At present, Monday.com boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 14.8. This represents a discount compared to its industry average Forward P/E of 19.7.
It's also important to note that MNDY currently trades at a PEG ratio of 0.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Monday.com (MNDY) Beats Stock Market Upswing: What Investors Need to Know
Monday.com (MNDY - Free Report) closed at $84.29 in the latest trading session, marking a +1.97% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the project management software developer had lost 9.23% in the past month. In that same time, the Computer and Technology sector gained 6.31%, while the S&P 500 gained 0.84%.
The investment community will be closely monitoring the performance of Monday.com in its forthcoming earnings report. In that report, analysts expect Monday.com to post earnings of $1.43 per share. This would mark year-over-year growth of 23.28%. In the meantime, our current consensus estimate forecasts the revenue to be $368.34 million, indicating a 16.25% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.58 per share and a revenue of $1.47 billion, indicating changes of +26.82% and +19.29%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.85% increase. At present, Monday.com boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 14.8. This represents a discount compared to its industry average Forward P/E of 19.7.
It's also important to note that MNDY currently trades at a PEG ratio of 0.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.