MongoDB (MDB) closed at $290.04 in the latest trading session, marking a -1.39% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.38% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.09%.

Shares of the database platform have appreciated by 0.49% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.11% and the S&P 500's gain of 4.9%.

Market participants will be closely following the financial results of MongoDB in its upcoming release. It is anticipated that the company will report an EPS of $0.69, marking a 28.13% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $495.23 million, up 14.39% from the prior-year quarter.

MDB's full-year Zacks Consensus Estimates are calling for earnings of $2.43 per share and revenue of $1.93 billion. These results would represent year-over-year changes of -27.03% and +14.48%, respectively.

Investors should also note any recent changes to analyst estimates for MongoDB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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, there's been a 2% rise in the Zacks Consensus EPS estimate. MongoDB is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 121.15. This denotes a premium relative to the industry's average Forward P/E of 32.57.

We can also see that MDB currently has a PEG ratio of 11.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MDB's industry had an average PEG ratio of 2.5 as of yesterday's close.

The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.