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MongoDB (MDB) Stock Dips While Market Gains: Key Facts
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MongoDB (MDB - Free Report) closed the most recent trading day at $328.38, moving -2.08% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.58%. Elsewhere, the Dow saw an upswing of 3.03%, while the tech-heavy Nasdaq appreciated by 1.44%.
Heading into today, shares of the database platform had lost 7.03% over the past month, outpacing the Computer and Technology sector's loss of 12.04% and lagging the S&P 500's loss of 1.97%.
The investment community will be closely monitoring the performance of MongoDB in its forthcoming earnings report. The company's upcoming EPS is projected at $1.6, signifying a 21.21% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $759.63 million, showing a 20.9% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.5 per share and a revenue of $3.02 billion, indicating changes of +30.78% and +30.41%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.33% higher. As of now, MongoDB holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, MongoDB is holding a Forward P/E ratio of 51.63. This signifies a premium in comparison to the average Forward P/E of 20.47 for its industry.
Also, we should mention that MDB has a PEG ratio of 2.36. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.28.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow MDB in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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MongoDB (MDB) Stock Dips While Market Gains: Key Facts
MongoDB (MDB - Free Report) closed the most recent trading day at $328.38, moving -2.08% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.58%. Elsewhere, the Dow saw an upswing of 3.03%, while the tech-heavy Nasdaq appreciated by 1.44%.
Heading into today, shares of the database platform had lost 7.03% over the past month, outpacing the Computer and Technology sector's loss of 12.04% and lagging the S&P 500's loss of 1.97%.
The investment community will be closely monitoring the performance of MongoDB in its forthcoming earnings report. The company's upcoming EPS is projected at $1.6, signifying a 21.21% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $759.63 million, showing a 20.9% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.5 per share and a revenue of $3.02 billion, indicating changes of +30.78% and +30.41%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for MongoDB. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.33% higher. As of now, MongoDB holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, MongoDB is holding a Forward P/E ratio of 51.63. This signifies a premium in comparison to the average Forward P/E of 20.47 for its industry.
Also, we should mention that MDB has a PEG ratio of 2.36. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.28.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 94, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow MDB in the coming trading sessions, be sure to utilize Zacks.com.