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Here's Why MongoDB (MDB) Fell More Than Broader Market
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MongoDB (MDB - Free Report) closed at $225.95 in the latest trading session, marking a -1.54% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.11%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.35%.
The database platform's shares have seen a decrease of 11.97% over the last month, not keeping up with the Computer and Technology sector's gain of 0.88% and the S&P 500's gain of 0.51%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. The company is expected to report EPS of $1.17, up 17% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $662.12 million, reflecting a 20.6% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.83 per share and a revenue of $2.89 billion, representing changes of +17.3% and +17.29%, respectively, from the prior year.
Any recent changes to analyst estimates for MongoDB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 5.6% higher. Currently, MongoDB is carrying a Zacks Rank of #5 (Strong Sell).
Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 39.36. This signifies a premium in comparison to the average Forward P/E of 17.88 for its industry.
Meanwhile, MDB's PEG ratio is currently 3.38. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Here's Why MongoDB (MDB) Fell More Than Broader Market
MongoDB (MDB - Free Report) closed at $225.95 in the latest trading session, marking a -1.54% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.11%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.35%.
The database platform's shares have seen a decrease of 11.97% over the last month, not keeping up with the Computer and Technology sector's gain of 0.88% and the S&P 500's gain of 0.51%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. The company is expected to report EPS of $1.17, up 17% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $662.12 million, reflecting a 20.6% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.83 per share and a revenue of $2.89 billion, representing changes of +17.3% and +17.29%, respectively, from the prior year.
Any recent changes to analyst estimates for MongoDB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 5.6% higher. Currently, MongoDB is carrying a Zacks Rank of #5 (Strong Sell).
Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 39.36. This signifies a premium in comparison to the average Forward P/E of 17.88 for its industry.
Meanwhile, MDB's PEG ratio is currently 3.38. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 39% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.