MongoDB’s Recent Trading Results: What Investors Should Know
MongoDB (MDB) ended the latest trading session at $290.04, reflecting a -1.39% change from the day before. In contrast, the S&P 500 saw a modest gain of 0.38%. The Dow rose by 0.59%, while the Nasdaq, which focuses on technology stocks, added 0.09%.
Over the past month, shares of MongoDB have risen by 0.49%. However, this lags behind the Computer and Technology sector’s gain of 7.11% and the S&P 500’s increase of 4.9%.
Upcoming Earnings: What to Expect from MongoDB
Investors are eagerly awaiting MongoDB’s upcoming financial report. Analysts expect the company to post an earnings per share (EPS) of $0.69, which indicates a decline of 28.13% from the same quarter last year. Projected revenue stands at $495.23 million, representing a 14.39% increase year-over-year.
For the full year, Zacks Consensus Estimates predict earnings of $2.43 per share and revenue of $1.93 billion. These figures would indicate a decrease in earnings of 27.03% but an increase in revenue of 14.48% compared to the previous year.
Investor Insights: Monitor Analyst Revisions
Recent changes to analyst estimates for MongoDB can provide insight into the company’s short-term performance. Positive revisions often signal a brighter outlook for the business. Research shows that these changes in estimates are closely tied to share price movements. To aid in tracking these metrics, Zacks has developed a ranking system.
The Zacks Rank, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has demonstrated a strong track record. Historically, stocks rated #1 have delivered average returns of +25% annually since 1988. Currently, the Zacks Consensus EPS estimate for MongoDB shows a 2% increase over the past month. MongoDB holds a Zacks Rank of #3 (Hold).
Valuation Metrics: Understanding MongoDB’s Position
MongoDB’s current Forward P/E ratio stands at 121.15, which is higher than the industry average of 32.57. Additionally, the company has a PEG ratio of 11.65, a metric that adjusts for expected earnings growth rates; the industry’s average PEG ratio was 2.5 as of yesterday’s close.
As part of the Internet – Software industry within the Computer and Technology sector, MongoDB operates in a competitive environment. This industry holds a Zacks Industry Rank of 59, placing it in the upper 24% of over 250 industries.
The Zacks Industry Rank assesses companies based on their average Zacks Rank. Historical data shows that the top half of rated industries outperform the bottom half by a 2-to-1 margin.
For ongoing updates on MongoDB and related metrics, refer to Zacks.com as the trading sessions unfold.
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MongoDB, Inc. (MDB): Free Stock Analysis Report
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
