MongoDB (MDB) Gains As Market Dips: What You Should Know
MongoDB (MDB) closed the most recent trading day at $576.77, moving +0.96% from the previous trading session.
In the latest trading session, MongoDB (MDB) closed at $576.77, marking a +0.96% move from the previous day. This move outpaced the S&P 500's daily loss of 0.35%.
Heading into today, shares of the database platform had gained 25.78% over the past month, outpacing the Computer and Technology sector's gain of 8.33% and the S&P 500's gain of 7.11% in that time.
Wall Street will be looking for positivity from MDB as it approaches its next earnings report date. In that report, analysts expect MDB to post earnings of -$0.41 per share. This would mark a year-over-year decline of 32.26%. Meanwhile, our latest consensus estimate is calling for revenue of $203.46 million, up 34.94% from the prior-year quarter.
MDB's full-year Zacks Consensus Estimates are calling for earnings of -$1.17 per share and revenue of $808.95 million. These results would represent year-over-year changes of -18.18% and +37.02%, respectively.
Investors might also notice recent changes to analyst estimates for MDB. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% 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 industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MongoDB, Inc. (MDB): Free Stock Analysis Report
To read this article on Zacks.com click here.