MongoDB (MDB) stock price rises, outperforms S&P 500, upcoming earnings report

From Nasdaq: 2024-12-02 18:15:06

In the latest trading session, MongoDB (MDB) closed at $325.15, up 0.82% from the previous day, outperforming the S&P 500. Shares of MDB have gained 18.63% in the past month. The company is set to report earnings on December 9, 2024, with projected earnings of $0.69 per share and revenue of $495.48 million.

Analysts expect MongoDB’s earnings to decline by 28.13% year-over-year. The Zacks Consensus Estimates project full-year earnings of $2.43 per share and revenue of $1.93 billion. The company currently holds a Zacks Rank of #3 (Hold) and is trading at a premium compared to its industry’s average Forward P/E ratio.

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Read more at Nasdaq: MongoDB (MDB) Rises Higher Than Market: Key Facts