MongoDB (MDB) Declines More Than Market: Some Information for Investors

Company Performance - MongoDB's stock closed at $386.89, down 5.91% from the previous trading session, underperforming the S&P 500's loss of 0.53% [1] - Prior to the recent trading day, MongoDB shares had declined 2.45%, while the Computer and Technology sector gained 2.62% and the S&P 500 gained 2.06% [1] Upcoming Earnings - MongoDB is projected to report earnings of $1.46 per share, reflecting a year-over-year growth of 14.06% [2] - Revenue is estimated at $667.61 million, which is an increase of 21.74% from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $4.79 per share, showing a growth of 30.87% year-over-year, with revenue expected to reach $2.44 billion, up 21.43% from the previous year [3] Analyst Estimates and Stock Performance - Changes in analyst estimates for MongoDB are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with stocks rated 1 producing an average annual return of 25% since 1988 [5] Valuation Metrics - MongoDB currently has a Forward P/E ratio of 85.92, significantly higher than the industry average of 23.95 [6] - The company's PEG ratio stands at 3.91, compared to the Internet - Software industry's average PEG ratio of 1.45 [6] Industry Ranking - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 23% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]