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MongoDB (MDB) Outpaces Stock Market Gains: What You Should Know

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MongoDB (MDB - Free Report) closed at $139.99 in the latest trading session, marking a +1.82% move from the prior day. This change outpaced the S&P 500's 0.21% gain on the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.27%.

Prior to today's trading, shares of the database platform had gained 2.9% over the past month. This has outpaced the Computer and Technology sector's loss of 8.68% and the S&P 500's loss of 5.26% in that time.

Wall Street will be looking for positivity from MDB as it approaches its next earnings report date. This is expected to be June 5, 2019. On that day, MDB is projected to report earnings of -$0.24 per share, which would represent year-over-year growth of 44.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $83.17 million, up 72.49% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.99 per share and revenue of $372.76 million. These totals would mark changes of +1% and +45.51%, respectively, from last 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. MDB is currently a Zacks Rank #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.


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