Mondee (MOND) Set to Announce Quarterly Earnings on Friday

Mondee (NASDAQ:MOND) is scheduled to be announcing its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Mondee has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s earnings conference call can do so using this link.

Mondee (NASDAQ:MOND) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.08). The company had revenue of $61.05 million during the quarter, compared to analyst estimates of $55.53 million. On average, analysts expect Mondee to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mondee Price Performance

Shares of NASDAQ MOND opened at $2.55 on Wednesday. Mondee has a one year low of $1.92 and a one year high of $13.20. The business’s 50-day moving average price is $2.28 and its two-hundred day moving average price is $2.63. The company has a market capitalization of $213.06 million, a P/E ratio of -2.90 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MOND shares. Northland Securities lowered their price target on Mondee from $6.50 to $4.50 and set an “outperform” rating for the company in a research note on Friday, March 15th. Roth Mkm dropped their price target on shares of Mondee from $5.50 to $4.10 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, JMP Securities reduced their price objective on shares of Mondee from $7.00 to $4.25 and set a “market outperform” rating for the company in a research note on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.97.

Mondee Company Profile

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.