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Monday.com (MNDY) Declines More Than Market: Some Information for Investors
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Monday.com (MNDY - Free Report) closed the most recent trading day at $84.76, moving -4.72% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the project management software developer have appreciated by 2.44% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.85%, and outperforming the S&P 500's gain of 2.36%.
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%. Meanwhile, our latest consensus estimate is calling for revenue of $368.34 million, up 16.25% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.58 per share and a revenue of $1.47 billion, representing changes of +26.82% and +19.29%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 3.85% higher. Monday.com is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Monday.com is presently trading at a Forward P/E ratio of 15.93. For comparison, its industry has an average Forward P/E of 20.96, which means Monday.com is trading at a discount to the group.
Meanwhile, MNDY's PEG ratio is currently 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MNDY's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Declines More Than Market: Some Information for Investors
Monday.com (MNDY - Free Report) closed the most recent trading day at $84.76, moving -4.72% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the project management software developer have appreciated by 2.44% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.85%, and outperforming the S&P 500's gain of 2.36%.
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%. Meanwhile, our latest consensus estimate is calling for revenue of $368.34 million, up 16.25% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.58 per share and a revenue of $1.47 billion, representing changes of +26.82% and +19.29%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Mondaycom. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 3.85% higher. Monday.com is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Monday.com is presently trading at a Forward P/E ratio of 15.93. For comparison, its industry has an average Forward P/E of 20.96, which means Monday.com is trading at a discount to the group.
Meanwhile, MNDY's PEG ratio is currently 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MNDY's industry had an average PEG ratio of 1.21 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.