MNDY · PEAD ↓ 80

monday.com reported Q3 2026 EPS of $1.45 on 2026-11-09 (before market open), beating the $0.49 consensus by $0.96 (+195.9%).

Print-day reaction was −9.1% versus the prior close, a sharp sell-the-news gap down despite the substantial EPS beat. The overnight move from the T+0 close to the T+1 open added a further −1.7%, signalling no stabilisation in after-hours trade. Over the following two sessions (T+1 through T+3) the stock drifted a modest +0.9%, insufficient to recover any meaningful portion of the initial decline. Cumulative abnormal return of −15.4% versus SPY.US places this firmly in PEAD short territory — the drift confirms rather than reverses the initial reaction; the read holds through 2027-02-04.