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

Zacks Equity Research

MongoDB (MDB) closed the most recent trading day at $139.77, moving +0.68% from the previous trading session. This change outpaced the S&P 500's 0.16% gain on the day. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq gained 0.29%.

Prior to today's trading, shares of the database platform had gained 0.84% over the past month. This has outpaced the Computer and Technology sector's loss of 7.21% and the S&P 500's loss of 3.66% in that time.

Investors will be hoping for strength from MDB as it approaches its next earnings release, which 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 -$1.01 per share and revenue of $368.77 million. These totals would mark changes of -1% and +43.95%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for MDB. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. 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 70, which puts it in the top 28% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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