Shares of Monday.com (MNDY 3.48%) climbed 19.3% last month, according to data from S&P Global Market Intelligence. The workforce management software platform notched another strong quarter, and investors were impressed. On May 15, Monday.com reported quarterly revenue of $217 million and adjusted earnings per share of $0.61. Both figures were well above analyst expectations, and the quarterly sales marked an impressive 34% growth over the prior year. Monday.com also reported 110% net revenue retention. The ...

Monday.com (MNDY) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this project management software developer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong c ...

Monday.com (MNDY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changin ...

Core Viewpoint - Monday.com (MNDY) has shown strong stock performance recently, with a +27.1% return over the past month, significantly outperforming the S&P 500 composite's +4.3% change and the Zacks Internet - Software industry's +3.4% gain [2] Earnings Estimate Revisions - The consensus earnings estimate for Monday.com is $0.49 per share for the current quarter, reflecting a year-over-year increase of +19.5% [5] - For the current fiscal year, the consensus earnings estimate stands at $2.04, indicating a +10.3% change from the previous year [5] - The next fiscal year's consensus earnings estimate is $2.70, which represents a +32.3% increase compared to the prior year, with a recent change of +11.1% [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $227.96 million, showing a year-over-year growth of +29.8% [10] - For the current fiscal year, the sales estimate is $944.84 million, indicating a +29.5% change, while the next fiscal year's estimate of $1.2 billion reflects a +26.8% increase [10] Last Reported Results and Surprise History - In the last reported quarter, Monday.com achieved revenues of $216.91 million, a +33.7% year-over-year increase, and an EPS of $0.61 compared to $0.14 a year ago [11] - The company exceeded the Zacks Consensus Estimate for revenues by +3.13% and for EPS by +56.41% [11] - Monday.com has consistently beaten consensus EPS and revenue estimates in the last four quarters [12] Valuation - Monday.com is graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16]

The small software company has been riding some momentum, but it still has much to prove. Monday.com's (MNDY 2.07%) share price has been incredibly volatile since its summer 2021 IPO. However, the the software company's price bottomed out in late 2022, and over the last 12-month stretch, solid business progress has had the stock continuously on the rise, with shareholders enjoying a more than 50% rally. Management is touting new products for its small enterprise platform, and it's making progress toward pro ...

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but a ...

Is Monday.com's stock jump a sign of future growth? Let's take a look. Shares of Monday.com (MNDY 5.25%) are soaring right now. The stock has gained 53% in a week, including a 21% jump on Wednesday, May 15. The maker of cloud-based project-management and collaboration tools isn't exactly soaring at all-time highs, though. The inflation-based flight from high-flying growth stocks was tough for Monday.com investors, and the stock fell 60% in 2022. Monday.com by the numbers Monday.com relies on the standard gr ...

The workplace management platform put up more solid growth in the first quarter. Shares of Monday.com (MNDY 0.19%) were soaring over 25% this week, according to data from S&P Global Market Intelligence. The low-code workplace management software platform posted strong revenue growth yet again in the first quarter of 2024, impressing Wall Street. The stock is now up 22% this year but still off 50% from all-time highs. Here is why Monday.com stock was up this week. Strong growth, healthy cash flow Monday.com' ...

Core Insights - Monday.com exceeded management's earnings and revenue expectations for Q1 2024, showcasing impressive revenue growth and product adoption [1] - The company reported significant financial metrics, including a 34% year-over-year revenue increase [7] Financial Performance - Revenue for Q1 2024 was $216.9 million, surpassing management's guidance by $5.9 million [2] - Non-GAAP operating income reached $21.5 million, exceeding the expected range by $9.5 million [2] - Free cash flow was $89.9 million, significantly above the anticipated $56 million to $60 million target [2] - Year-over-year revenue growth was 34%, with free cash flow increasing by 132% from $38.7 million in Q1 2023 [3][7] Business Overview - Monday.com offers a flexible Work OS that can be tailored for various applications, including marketing, CRM, project management, and software development [4] - The company has introduced new products like the Monday Sales CRM and Monday Dev, which have seen rapid market acceptance [5] User Growth - There was an 18% increase in customers with 10+ users and a 48% rise in customers with annual recurring revenue (ARR) over $50,000 [6] - Clients with ARR above $100,000 surged by 55% [6] Strategic Initiatives - The company updated its pricing model and introduced new services, enhancing customer value and positively impacting financial performance [8] - Despite ongoing GAAP operating losses, the improved financial figures indicate a move toward enhanced profitability [8] Future Guidance - For Q2 2024, Monday.com forecasts revenue between $226 million and $230 million, implying 29% to 31% year-over-year growth [10] - For the full year 2024, the expected revenue range is $942 million to $948 million, representing approximately 30% growth [11]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]