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In the latest close session, MongoDB (MDB - Free Report) was up +2.86% at $366.49. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Shares of the database platform witnessed a loss of 5.33% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.62%, and the S&P 500's gain of 1.41%.
The upcoming earnings release of MongoDB will be of great interest to investors. In that report, analysts expect MongoDB to post earnings of $1.6 per share. This would mark year-over-year growth of 21.21%. Our most recent consensus estimate is calling for quarterly revenue of $759.79 million, up 20.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $3.02 billion, representing changes of +30.78% and +22.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. MongoDB currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, MongoDB is presently trading at a Forward P/E ratio of 54.85. For comparison, its industry has an average Forward P/E of 20.42, which means MongoDB is trading at a premium to the group.
It is also worth noting that MDB currently has a PEG ratio of 2.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
View the Zacks #1 Rank List
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MongoDB (MDB) Laps the Stock Market: Here's Why
In the latest close session, MongoDB (MDB - Free Report) was up +2.86% at $366.49. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Elsewhere, the Dow gained 1.08%, while the tech-heavy Nasdaq added 0.08%.
Shares of the database platform witnessed a loss of 5.33% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.62%, and the S&P 500's gain of 1.41%.
The upcoming earnings release of MongoDB will be of great interest to investors. In that report, analysts expect MongoDB to post earnings of $1.6 per share. This would mark year-over-year growth of 21.21%. Our most recent consensus estimate is calling for quarterly revenue of $759.79 million, up 20.93% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $3.02 billion, representing changes of +30.78% and +22.69%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. MongoDB currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, MongoDB is presently trading at a Forward P/E ratio of 54.85. For comparison, its industry has an average Forward P/E of 20.42, which means MongoDB is trading at a premium to the group.
It is also worth noting that MDB currently has a PEG ratio of 2.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.18 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.