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MongoDB (MDB) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, MongoDB (MDB - Free Report) closed at $251.14, marking a +2.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.36%.
Prior to today's trading, shares of the database platform had lost 9.11% lagged the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The investment community will be paying close attention to the earnings performance of MongoDB in its upcoming release. It is anticipated that the company will report an EPS of $1.17, marking a 17% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $662.12 million, up 20.6% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.83 per share and revenue of $2.89 billion. These totals would mark changes of +17.3% and +17.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.89% increase. MongoDB presently features a Zacks Rank of #5 (Strong Sell).
In terms of valuation, MongoDB is currently trading at a Forward P/E ratio of 41.86. Its industry sports an average Forward P/E of 18.83, so one might conclude that MongoDB is trading at a premium comparatively.
Investors should also note that MDB has a PEG ratio of 3.59 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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MongoDB (MDB) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, MongoDB (MDB - Free Report) closed at $251.14, marking a +2.9% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.26%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.36%.
Prior to today's trading, shares of the database platform had lost 9.11% lagged the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The investment community will be paying close attention to the earnings performance of MongoDB in its upcoming release. It is anticipated that the company will report an EPS of $1.17, marking a 17% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $662.12 million, up 20.6% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.83 per share and revenue of $2.89 billion. These totals would mark changes of +17.3% and +17.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.89% increase. MongoDB presently features a Zacks Rank of #5 (Strong Sell).
In terms of valuation, MongoDB is currently trading at a Forward P/E ratio of 41.86. Its industry sports an average Forward P/E of 18.83, so one might conclude that MongoDB is trading at a premium comparatively.
Investors should also note that MDB has a PEG ratio of 3.59 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.