As we can see, MongoDB is performing better than its sector in the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 33.6% on a year-to-date basis. Our latest available data shows that MDB has returned about 96.9% since the start of the calendar year. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Over the past 90 days, the Zacks Consensus Estimate for MDB's full-year earnings has moved 35.8% higher. MongoDB is currently sporting a Zacks Rank of #2 (Buy). This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. This group includes 640 individual stocks and currently holds a Zacks Sector Rank of #7. MongoDB is a member of the Computer and Technology sector. Has MongoDB ( MDB Quick Quote MDB - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. To read this article on click here.Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The Internet - Software industry is in the top 43% of all the industries we have in our universe, so it looks like there are some nice tailwinds for MDB and RMNI, even beyond their own solid fundamental situation. have gained 9.5% over the past month, and currently trade at a forward P/E of 9.46X and a P/CF of 10.4X. beat our consensus estimate by 22.22%, and for the current fiscal year, RMNI is expected to post earnings of $0.47 per share on revenue of $425.5 million. ![]() ![]() RMNI has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of B.Įarnings were strong last quarter. Shares of MDB have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Rimini Street, Inc. How Does MDB Stack Up to the Competition? Thus, it seems as though MongoDB shares could have a bit more room to run in the near term. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if MongoDB meets the list of requirements. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. On a trailing cash flow basis, the stock currently trades at 5X versus its peer group's average of 17.7X. In terms of its value breakdown, the stock currently trades at 267.8X current fiscal year EPS estimates, which is a premium to the peer industry average of 42.7X. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of B. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). ![]() MongoDB may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. ![]() This represents a year-over-year change of 35.95% and 21.18%, respectively. For the next fiscal year, the company is expected to earn $1.97 per share on $1.86 billion in revenues. This represents a 79.01% change in EPS on a 19.38% change in revenues. In its last earnings report on June 1, 2023, MongoDB reported EPS of $0.56 versus consensus estimate of $0.19 while it beat the consensus revenue estimate by 6.35%.įor the current fiscal year, MongoDB is expected to post earnings of $1.45 per share on $1.53 billion in revenues. The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. MongoDB has gained 96.9% since the start of the year compared to the 33.6% move for the Zacks Computer and Technology sector and the 43.8% return for the Zacks Internet - Software industry. The stock hit a new 52-week high of $398.89 in the previous session. Shares of MongoDB (MDB) have been strong performers lately, with the stock up 54.9% over the past month.
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