monday.com (MNDY) to Release Earnings on Monday

monday.com (NASDAQ:MNDY) will post its quarterly earnings results before the market opens on Monday, November 11th. Analysts expect monday.com to post earnings of $0.61 per share for the quarter. monday.com has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. 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 Up 1.8 %

Shares of MNDY stock opened at $324.31 on Friday. The firm has a 50 day moving average of $278.88 and a 200-day moving average of $245.81. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 405.39, a price-to-earnings-growth ratio of 14.83 and a beta of 1.31. monday.com has a 52 week low of $133.50 and a 52 week high of $324.99.

Analyst Ratings Changes

A number of research firms have commented on MNDY. Loop Capital raised their price target on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays boosted their target price on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Canaccord Genuity Group upped their price target on monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Piper Sandler raised their price objective on monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $306.10.

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.