MongoDB Shares Fall 11.4%, One-Month Slide of 13.6% Ahead of March Earnings
MongoDB shares plunged 11.37% in a single session, extending a one-month loss of 13.58% against a 1.75% gain in the S&P 500 and a 0.34% rise in the tech sector. Analysts project March earnings of $1.47 per share (up 14.8% yoy) on $668.2m revenue (up 21.8% yoy).
1. Stock Price Performance
MongoDB shares declined 11.37% in the most recent trading session, underperforming the S&P 500’s 1.04% drop and the Nasdaq’s 1.13% loss. Over the past month, the stock has fallen 13.58% while the Computer and Technology sector gained 0.34% and the broader market rose 1.75%.
2. Upcoming Earnings Forecasts
The company is set to report fiscal Q1 results on March 2, with earnings expected at $1.47 per share, reflecting 14.84% year-over-year growth, and revenue forecast at $668.19 million, up 21.84% from the prior year. Full-year consensus estimates call for $4.79 per share in earnings (up 30.87%) on $2.44 billion in revenue (up 21.45%).
3. Valuation Metrics and Analyst Ratings
MongoDB trades at a forward P/E of 61.37, a premium to the Internet-Software industry average of 18.99, and carries a PEG ratio of 2.53 versus the industry’s 1.11. Analysts have raised the consensus EPS estimate by 36.67% over the last 30 days and assign a top-tier rating, highlighting elevated growth expectations despite stretched valuation.