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Monday.com (MNDY)
NASDAQ:MNDY
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.79Last Year’s EPS
$0.65Same Quarter Last Year
Strong Buy
Based on 21 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -25.23%
|Next Earnings Date:Feb 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, a significant ARR milestone, and robust product development. However, challenges such as slowing net new customer growth, slower-than-expected performance in monday Dev, and upcoming management transitions provide areas of concern.Company Guidance
In the third quarter of fiscal year 2024, monday.com provided guidance reflecting strong financial performance and strategic growth initiatives. The company achieved a significant milestone, surpassing $1 billion in annual recurring revenue (ARR). For Q3 2024, total revenue reached $251 million, marking a 33% increase year-over-year, with a net dollar retention rate (NDR) of 111%, indicating stable customer retention and expansion. The gross margin was maintained at 90%, while net income rose to $45 million, resulting in diluted net income per share of $0.85. Looking ahead, monday.com expects Q4 revenue between $260 million to $262 million, representing a 28% to 29% growth year-over-year, and forecasts full-year 2024 revenue in the range of $964 million to $966 million, reflecting approximately 32% growth. The company anticipates a non-GAAP operating income of $121 million to $123 million and free cash flow between $286 million to $289 million for the entire fiscal year.Surpassing $1 Billion ARR
monday.com reached over $1 billion in annual recurring revenue (ARR), a significant milestone for the company, showcasing strong growth and market presence.
Revenue Growth of 33%
Total revenue for Q3 2024 was $251 million, marking a 33% increase from the previous year.
Strong Product Development
Significant advancements in product offerings, including the introduction of monday AI and the upcoming release of monday Service, which shows promising cross-sell potential.
Net Income Increase
Net income for Q3 2024 increased to $45 million from $33 million in the previous year, with a diluted net income per share of $0.85.
High Gross Margin
The company reported a third-quarter gross margin of 90%, expecting it to remain in the high 80s in the medium to long term.
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MNDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MNDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $324.31 | $275.21 | -15.14% |
| Aug 12, 2024 | $225.70 | $259.05 | +14.78% |
| May 15, 2024 | $181.86 | $220.72 | +21.37% |
| Feb 12, 2024 | $235.92 | $212.01 | -10.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Monday.com (MNDY) report earnings?
Monday.com (MNDY) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Monday.com (MNDY) earnings time?
Monday.com (MNDY) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MNDY EPS forecast?
MNDY EPS forecast for the fiscal quarter 2024 (Q4) is $0.79.
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