Mondee (MOND) to Release Quarterly Earnings on Friday

Mondee (NASDAQ:MOND) is scheduled to be announcing its earnings results 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 that wish to register for the company’s conference call can do so using this link.

Mondee (NASDAQ:MOND) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.08). The firm had revenue of $61.05 million for the quarter, compared to analysts’ expectations 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 $2.34 on Thursday. The firm has a market cap of $195.51 million, a price-to-earnings ratio of -2.66 and a beta of -0.03. Mondee has a fifty-two week low of $1.92 and a fifty-two week high of $13.20. The firm has a 50 day moving average price of $2.28 and a 200-day moving average price of $2.63.

Analysts Set New Price Targets

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