monday.com (MNDY) Set to Announce Quarterly Earnings on Wednesday

monday.com (NASDAQ:MNDY) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 15th. Analysts expect monday.com to post earnings of $0.39 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The business had revenue of $202.60 million for the quarter, compared to the consensus estimate of $197.97 million. During the same quarter last year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. On average, analysts expect monday.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

monday.com Trading Down 2.1 %

MNDY opened at $190.37 on Wednesday. The stock has a market capitalization of $9.19 billion, a P/E ratio of -2,719.18 and a beta of 1.24. The stock has a 50-day moving average price of $209.34 and a 200-day moving average price of $192.25. monday.com has a 12-month low of $117.80 and a 12-month high of $239.22.

Wall Street Analyst Weigh In

MNDY has been the topic of several research reports. Citigroup downgraded shares of monday.com from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $277.00 to $250.00 in a research note on Wednesday, April 10th. Oppenheimer boosted their price target on shares of monday.com from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Tigress Financial raised their price objective on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. DA Davidson reiterated a “neutral” rating and issued a $190.00 price objective on shares of monday.com in a report on Tuesday, February 13th. Finally, Wells Fargo & Company initiated coverage on monday.com in a report on Tuesday, April 9th. They set an “overweight” rating and a $260.00 target price for the company. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.

monday.com Company Profile

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.