We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
MongoDB (MDB) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
MongoDB (MDB - Free Report) closed the most recent trading day at $250.83, moving -2.89% from the previous trading session. This move lagged the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.62%, and the tech-heavy Nasdaq gained 0.89%.
Shares of the database platform have appreciated by 3.58% over the course of the past month, underperforming the Computer and Technology sector's gain of 20.71%, and the S&P 500's gain of 12.23%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.18, indicating a 18% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $662.17 million, up 20.61% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.85 per share and a revenue of $2.89 billion, representing changes of +17.71% and +17.25%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 remained unchanged. MongoDB presently features a Zacks Rank of #5 (Strong Sell).
Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 44.15. This signifies a premium in comparison to the average Forward P/E of 18.9 for its industry.
It is also worth noting that MDB currently has a PEG ratio of 3.79. 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 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
MongoDB (MDB) Stock Declines While Market Improves: Some Information for Investors
MongoDB (MDB - Free Report) closed the most recent trading day at $250.83, moving -2.89% from the previous trading session. This move lagged the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.62%, and the tech-heavy Nasdaq gained 0.89%.
Shares of the database platform have appreciated by 3.58% over the course of the past month, underperforming the Computer and Technology sector's gain of 20.71%, and the S&P 500's gain of 12.23%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.18, indicating a 18% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $662.17 million, up 20.61% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.85 per share and a revenue of $2.89 billion, representing changes of +17.71% and +17.25%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MongoDB. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 remained unchanged. MongoDB presently features a Zacks Rank of #5 (Strong Sell).
Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 44.15. This signifies a premium in comparison to the average Forward P/E of 18.9 for its industry.
It is also worth noting that MDB currently has a PEG ratio of 3.79. 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 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.