Monday.com Analysts Boost Their Forecasts Following Q3 Earnings

Monday.com Ltd (NASDAQ:MNDY) reported better-than-expected earnings for its third quarter on Monday.

The company reported fiscal third-quarter 2024 revenue growth of 33% Y/Y to $251.0 million, beating the analyst consensus estimate of $246.1 million. The project management software company's adjusted EPS of 85 cents beat the analyst consensus estimate of 63 cents.

“monday.com had a strong Q3, driven by the team’s consistent execution as we focus on deepening our product capabilities and bolstering the platform to support customers of all sizes,” said monday.com co-founders and co-CEOs, Roy Mann and Eran Zinman. “Reaching $1 billion in ARR marks a major milestone in our journey ...