monday.com (MNDY) Expected to Announce Quarterly Earnings on Monday

monday.com (NASDAQ:MNDY) will likely be issuing its quarterly earnings data before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $261.34 million for the quarter. monday.com has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, analysts expect monday.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

monday.com Stock Performance

monday.com stock opened at $258.24 on Friday. The firm has a market capitalization of $12.47 billion, a PE ratio of 629.85, a price-to-earnings-growth ratio of 7.12 and a beta of 1.31. monday.com has a one year low of $174.75 and a one year high of $324.99. The stock’s 50 day moving average price is $249.33 and its 200 day moving average price is $261.02.

Analysts Set New Price Targets

A number of research firms recently weighed in on MNDY. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and lowered their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Cantor Fitzgerald began coverage on monday.com in a report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target for the company. DA Davidson restated a “neutral” rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Scotiabank reduced their target price on monday.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, January 16th. Finally, Robert W. Baird raised their price target on shares of monday.com from $270.00 to $275.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.68.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.