monday.com Ltd Expects Q3 Revenue Of $243M-$247M Vs $243.05M Est, FY24 Revenue Of $956M-$961M Vs $947.79M Est
Portfolio Pulse from Benzinga Newsdesk
monday.com Ltd has provided its financial outlook for Q3 and FY24, expecting revenues to exceed analyst estimates. The company forecasts Q3 revenue between $243M and $247M and FY24 revenue between $956M and $961M, both above current estimates. Additionally, the company anticipates strong non-GAAP operating income and free cash flow margins.
August 12, 2024 | 11:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
monday.com Ltd has provided a positive financial outlook for Q3 and FY24, with revenue expectations exceeding analyst estimates. The company forecasts Q3 revenue between $243M and $247M and FY24 revenue between $956M and $961M, both above current estimates. Additionally, the company anticipates strong non-GAAP operating income and free cash flow margins.
The revenue expectations for both Q3 and FY24 exceed analyst estimates, indicating strong growth potential. The positive financial outlook, including strong non-GAAP operating income and free cash flow margins, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100