Q: What is Monday.com Ltd. 2023/Q4 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
The financial forecast data for Monday.com Ltd. (MNDY) for Q4 2023 is as follows:
- Earnings Per Share (EPS): $0.32
- Total Revenue: $197,950,070
- EBIT: $8,846,860
Compared to the same period last year:
- EPS has decreased by 27.27% (from $0.44 to $0.32)
- Total Revenue has increased by 32.03% (from $149,921,000 to $197,950,070)
- EBIT has decreased by 38.03% (from $14,278,000 to $8,846,860)
The decrease in EPS and EBIT indicates a reduction in profitability, while the increase in revenue suggests the company is growing its sales. The decline in profitability could be due to increased costs or investments that have not yet yielded returns.
【Quarterly Important News】
The key news over the past quarter includes a significant stock price movement on February 10th, 2024, where Monday.com Ltd.'s stock price surged by 5.01%. This movement was notably higher than the overall software services industry, which saw a rise of 1.42%. This could indicate investor confidence in the company's performance or reaction to specific company news.
【Forecast Viewpoints】
According to a preview article, Monday.com has a history of beating EPS and revenue estimates 100% of the time over the last two years. The article also notes that EPS estimates have seen 14 upward revisions and revenue estimates have seen 13 upward revisions in the last three months, suggesting a positive outlook on the company's performance. You can read more in the article: monday.com Q4 2023 Earnings Preview.
【Stock Trend Analysis】
Monday.com Ltd.'s stock price has fluctuated by 17.96% from September 30, 2023, to December 29, 2023. The latest stock price as of February 12, 2024, is $235.92. The support level is at $236.28, and the resistance level was previously at $159.28. The stock is currently trading near the support level, which could become a resistance if the price falls below it. Analysts have a generally positive outlook with 4 recommendations, 10 buys, and 2 holds. The mean target price is $235.00, with a range from $190.00 to $277.00.
【Options Large Order Analysis】
The options large order data is not provided, so we cannot analyze the options market sentiment for Monday.com Ltd.
【Analyst Ratings and Target Price Forecast】
Analysts have a positive view of Monday.com Ltd., with most recommending a buy. The current stock price is close to the mean target price, suggesting that the company is valued appropriately by the market. If the financial report aligns with the positive forecast, the stock could see an upward trend.
【Comprehensive Conclusion】
Monday.com Ltd. is expected to report mixed financial results with higher revenue but lower profitability. The stock has experienced significant volatility but maintains a positive outlook from analysts. The company's performance in the upcoming earnings report will be crucial in determining the direction of the stock price.
Disclaimer: The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
