In the latest trading session, MongoDB (MDB - Free Report) closed at $146.01, marking a -0.58% move from the previous day. This change traded in line with S&P 500. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Coming into today, shares of the database platform had gained 17.13% in the past month. In that same time, the Computer and Technology sector lost 1.99%, while the S&P 500 lost 0.88%.
MDB will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.24, up 44.19% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $83.17 million, up 72.49% from the year-ago period.
MDB's full-year Zacks Consensus Estimates are calling for earnings of -$1.01 per share and revenue of $368.77 million. These results would represent year-over-year changes of -1% and +43.95%, respectively.
Investors should also note any recent changes to analyst estimates for MDB. 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 company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MDB currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.