Monday.com (MNDY) Q4 Earnings Report Preview: What To Look For
Project management software maker Monday.com (NASDAQ:MNDY) will be reporting earnings tomorrow before the bell. Here's what to expect.
Last quarter Monday.com reported revenues of $189.2 million, up 38.2% year on year, beating analyst revenue expectations by 3.7%. It was a good quarter for the company, with a decent beat of analysts' revenue estimates. Its full-year revenue guidance also came in higher than Wall Street's estimates.The company added 185 enterprise customers paying more than $50,000 annually to a total of 2,077.
Is Monday.com buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Monday.com's revenue to grow 31.9% year on year to $197.8 million, slowing down from the 56.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.32 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 5.4%.
Looking at Monday.com's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Atlassian delivered top-line growth of 21.5% year on year, beating analyst estimates by 3.5% and 8x8 reported revenue decline of 1.8% year on year, missing analyst estimates by 1.3%. Atlassian traded up 10.8% on the results, and 8x8 was down 3%.
Read our full analysis of Atlassian's results here and 8x8's results here.
There has been positive sentiment among investors in the productivity software segment, with the stocks up on average 8.2% over the last month. Monday.com is up 22.8% during the same time, and is heading into the earnings with analyst price target of $233, compared to share price of $239.65.
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