Monday.com Drops 3.44% as Shares Extend Monthly Slide
The software company's shares fell faster than major indexes, while analysts' quarterly revenue and earnings forecasts point to growth.
Monday.com shares fell 3.44% to $76.33 in the latest trading session, while the S&P 500 declined 0.17%. The Dow fell 0.26%, and the Nasdaq lost 0.09%.
Over the past month, the stock dropped 21.84%. The Computer and Technology sector gained 3.58% over that period, while the S&P 500 slipped 0.24%.
Analysts expect earnings of $1.39 per share in Monday.com's upcoming report, up 19.83% from a year earlier. Zacks consensus estimates call for quarterly revenue of $368.65 million, a 16.35% year-over-year increase.
For the full fiscal year, Zacks consensus forecasts earnings of $5.50 per share and revenue of $1.47 billion. Those figures represent expected increases of 25% and 19.32%, respectively. The consensus earnings estimate had not changed in the past 30 days.
Zacks put Monday.com's forward price-to-earnings ratio at 14.37, compared with an industry average of 19.04. Its PEG ratio, which incorporates expected earnings growth, was 0.76, versus 1.11 for the Internet - Software industry.
This article was produced with the help of AI technology.
Source: Yahoo Finance
