Monday earnings beat by $0.38, revenue topped estimates By Investing.com

Monday.com Reports Strong Q2 Earnings

Monday.com announced its second quarter earnings, reporting an EPS of $0.94, which exceeds analyst expectations by $0.38, as the estimate was $0.56. The company’s revenue for the quarter was $236.1 million, surpassing the consensus estimate of $229.04 million.

Guidance for Upcoming Quarters

Looking ahead, Monday.com has projected its Q3 2024 revenue to be between $243 million and $247 million, aligning with the analyst consensus of $243 million. For the full fiscal year 2024, the company anticipates revenue in the range of $956 million to $961 million, compared to the analyst consensus of $947.9 million.

Stock Performance

Monday.com’s stock closed at $225.70. Over the past three months, the stock has increased by 2.26%, and it has seen a remarkable rise of 44.83% over the last year. In the past 90 days, the company experienced 12 positive EPS revisions and only one negative revision.

According to financial assessments, Monday.com is characterized by "great performance" in terms of its financial health.

Stay informed about upcoming earnings reports and financial updates related to Monday.com.