In the latest close session, MongoDB (MDB) was down 9.01% at $374.02. The stock's performance was behind the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.11%, and the technology-dominated Nasdaq saw a decrease of 0.72%.
The stock of database platform has fallen by 2.06% in the past month, lagging the Computer and Technology sector's gain of 1.88% and the S&P 500's gain of 0.78%.
Analysts and investors alike will be keeping a close eye on the performance of MongoDB in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.47, marking a 14.84% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $667.61 million, up 21.74% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.79 per share and a revenue of $2.44 billion, indicating changes of +30.87% and +21.45%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for MongoDB. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.45% rise in the Zacks Consensus EPS estimate. MongoDB is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, MongoDB is holding a Forward P/E ratio of 85.85. This denotes a premium relative to the industry average Forward P/E of 23.25.
Meanwhile, MDB's PEG ratio is currently 3.91. 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. Internet - Software stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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MongoDB, Inc. (MDB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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