monday.com (MNDY) to Release Earnings on Monday

monday.com (NASDAQ:MNDY) is set to 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.Investors that are interested in registering for the company’s conference call can do so using this link.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. monday.com had a net margin of 4.88% and a return on equity of 4.74%. The company had revenue of $236.11 million during the quarter, compared to analysts’ expectations of $227.96 million. 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 NASDAQ MNDY opened at $324.31 on Friday. The firm 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. The company’s 50-day simple moving average is $277.72 and its 200-day simple moving average is $244.40. monday.com has a 52-week low of $133.50 and a 52-week high of $324.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird boosted their price objective on monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. TD Cowen boosted their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. UBS Group raised their price objective on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Bank of America upped their target price on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Piper Sandler increased their target price on shares of monday.com from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average target price 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.