TECH - Monday.com to Report Q1 Earnings: What's in the Cards? | Benzinga
Monday.com (NASDAQ: MNDY) is set to report first-quarter 2024 results on May 15.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $210.33 million, indicating an increase of 29.63% from the year-ago quarter. The company expects total revenues in the range of $207-$211 million, indicating year-over-year growth in the band of 28-30%.
The consensus estimate for MNDY's earnings has remained steady at 39 cents per share over the past 30 days, indicating a surge of 178.57% from the year-ago quarter.
Factors to Note
MNDY's first-quarter results are expected to reflect strength in customer acquisition and expansion, especially with larger accounts. An increase in the adoption of new capabilities, including monday AI and monday workflows, is expected to have aided customer engagement.
The company also introduced an updated pricing model across its products, including monday work management, monday sales CRM and monday dev, which is likely to have aided top-line growth.
MNDY's ...