Monday.Com Q3 Adj EPS $0.64 Beats $0.20 Estimate, Sales $189.19M Beat $182.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monday.Com (NASDAQ:MNDY) exceeded Q3 earnings and sales estimates, with an adjusted EPS of $0.64 surpassing the $0.20 estimate and sales of $189.19M beating the $182.36M estimate. This represents a significant increase from the same period last year, with earnings up 1180% and sales up 38.20%.
November 13, 2023 | 12:01 pm
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POSITIVE IMPACT
Monday.Com reported a substantial beat on both earnings and sales for Q3, with adjusted EPS at $0.64 and sales at $189.19M, exceeding estimates significantly.
The substantial beat on both earnings per share and sales compared to analyst estimates typically leads to positive investor sentiment and can result in a short-term increase in stock price. The impressive year-over-year growth figures further bolster the positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100