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MongoDB (MDB) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, MongoDB (MDB - Free Report) closed at $413.52, marking a -6.15% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.01% for the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Heading into today, shares of the database platform had gained 3.09% over the past month, outpacing the Computer and Technology sector's loss of 0.69% and the S&P 500's gain of 0.86%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. In that report, analysts expect MongoDB to post earnings of $1.46 per share. This would mark year-over-year growth of 14.06%. Meanwhile, the latest consensus estimate predicts the revenue to be $667.63 million, indicating a 21.74% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.79 per share and a revenue of $2.44 billion, indicating changes of +30.87% and +21.43%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 19.78% higher. MongoDB is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, MongoDB is currently exchanging hands at a Forward P/E ratio of 92.06. This valuation marks a premium compared to its industry average Forward P/E of 25.1.
It is also worth noting that MDB currently has a PEG ratio of 4.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.61.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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MongoDB (MDB) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, MongoDB (MDB - Free Report) closed at $413.52, marking a -6.15% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.01% for the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Heading into today, shares of the database platform had gained 3.09% over the past month, outpacing the Computer and Technology sector's loss of 0.69% and the S&P 500's gain of 0.86%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. In that report, analysts expect MongoDB to post earnings of $1.46 per share. This would mark year-over-year growth of 14.06%. Meanwhile, the latest consensus estimate predicts the revenue to be $667.63 million, indicating a 21.74% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.79 per share and a revenue of $2.44 billion, indicating changes of +30.87% and +21.43%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 19.78% higher. MongoDB is currently sporting a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, MongoDB is currently exchanging hands at a Forward P/E ratio of 92.06. This valuation marks a premium compared to its industry average Forward P/E of 25.1.
It is also worth noting that MDB currently has a PEG ratio of 4.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.61.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 55, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.