Mondee (MOND) Set to Announce Quarterly Earnings on Friday

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

Mondee (NASDAQ:MOND) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.21) 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 the consensus estimate 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

Shares of MOND opened at $2.55 on Wednesday. The stock has a 50 day simple moving average of $2.28 and a 200 day simple moving average of $2.63. Mondee has a 52-week low of $1.92 and a 52-week high of $13.20. The firm has a market capitalization of $213.06 million, a PE ratio of -2.90 and a beta of -0.03.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MOND. Roth Mkm reduced their price target on shares of Mondee from $5.50 to $4.10 and set a “buy” rating for the company in a report on Friday, March 15th. Northland Securities reduced their target price on shares of Mondee from $6.50 to $4.50 and set an “outperform” rating for the company in a research note on Friday, March 15th. Finally, JMP Securities dropped their price target on Mondee from $7.00 to $4.25 and set a “market outperform” rating on the stock in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.97.

About Mondee

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.