MongoDB (MDB) ended the recent trading session at $371.09, demonstrating a +2.44% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
The stock of database platform has fallen by 14.04% in the past month, lagging the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
The upcoming earnings release of MongoDB will be of great interest to investors. The company's upcoming EPS is projected at $1.6, signifying a 21.21% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $759.63 million, up 20.9% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.5 per share and a revenue of $3.02 billion, representing changes of +30.78% and +22.65%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for MongoDB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, MongoDB holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, MongoDB is presently being traded at a Forward P/E ratio of 55.77. This denotes a premium relative to the industry average Forward P/E of 20.75.
It's also important to note that MDB currently trades at a PEG ratio of 2.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.31.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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MongoDB, Inc. (MDB): Free Stock Analysis Report
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