Mondee (MOND) to Release Quarterly Earnings on Friday

Mondee (NASDAQ:MOND) will issue its quarterly earnings data before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Mondee has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Mondee (NASDAQ:MOND) last posted its earnings results on Thursday, March 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.08). The firm had revenue of $61.05 million during the quarter, compared to analyst estimates of $55.53 million. On average, analysts expect Mondee to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mondee Stock Performance

MOND stock opened at $2.34 on Thursday. Mondee has a 1 year low of $1.92 and a 1 year high of $13.20. The firm has a market cap of $195.51 million, a P/E ratio of -2.66 and a beta of -0.03. The stock has a 50-day simple moving average of $2.28 and a 200-day simple moving average of $2.63.

Analysts Set New Price Targets

MOND has been the subject of a number of analyst reports. JMP Securities reduced their price target on Mondee from $7.00 to $4.25 and set a “market outperform” rating for the company in a report on Tuesday, April 2nd. Roth Mkm reduced their price target on Mondee from $5.50 to $4.10 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Northland Securities reduced their price target on Mondee from $6.50 to $4.50 and set an “outperform” rating for the company in a report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mondee has a consensus rating of “Moderate Buy” and an average price target of $4.97.

Mondee Company Profile

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.