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- NasdaqGS:MNDY
monday.com Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
monday.com (NASDAQ:MNDY) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$251.0m (up 33% from 3Q 2023).
- Net loss: US$12.0m (down by 261% from US$7.49m profit in 3Q 2023).
- US$0.24 loss per share (down from US$0.15 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
monday.com Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 12% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for monday.com that you should be aware of.
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About NasdaqGS:MNDY
monday.com
Develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.
Flawless balance sheet with high growth potential.