MongoDB (MDB - Free Report) closed at $143.71 in the latest trading session, marking a +0.09% move from the prior day. This change outpaced the S&P 500's 0% on the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.21%.
Heading into today, shares of the database platform had gained 37.71% over the past month, outpacing the Computer and Technology sector's gain of 7.39% and the S&P 500's gain of 5.49% in that time.
Wall Street will be looking for positivity from MDB as it approaches its next earnings report date. The company is expected to report EPS of -$0.24, up 44.19% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $83.17 million, up 72.49% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.01 per share and revenue of $368.77 million, which would represent changes of -1% and +43.95%, respectively, from the prior year.
Any recent changes to analyst estimates for MDB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Within the past 30 days, our consensus EPS projection has moved 16.47% higher. MDB is currently sporting a Zacks Rank of #1 (Strong Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 58, which puts it in the top 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.