monday.com (MNDY) Scheduled to Post Quarterly Earnings on Wednesday

monday.com (NASDAQ:MNDY) will announce its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $197.97 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The firm’s revenue 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 Stock Down 2.1 %

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

Analysts Set New Price Targets

MNDY has been the subject of a number of analyst reports. Citigroup lowered shares of monday.com from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $277.00 to $250.00 in a report on Wednesday, April 10th. Wells Fargo & Company started 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. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of monday.com in a report on Tuesday, April 30th. Canaccord Genuity Group reduced their price objective on shares of monday.com from $250.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Tigress Financial raised their target price on shares of monday.com from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $240.00.

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.