Earnings Previews: MongoDB, SentinelOne, Stitch Fix, Toll Brothers

MongoDB stock trades at an enterprise value to sales multiple of 8.7 times expected 2023 sales, 6.8 times estimated 2024 sales of $1.54 billion and 5.2 times estimated 2025 sales of $2.01 billion. The stock’s 52-week trading range is $135.15 to $570.58. The company does not pay a dividend. Total shareholder return for the past year was negative 64.4%.

SentinelOne

Shares of cybersecurity software provider SentinelOne Inc. (NYSE: S) have plunged by about 68% over the past 12 months. The company, which came public in July 2021, reached a post-IPO high in late December, and the shares have shed nearly 73% since then. The company’s security analytics software is compatible with Amazon’s justeleased Security Lake, and that gave the shares a lift last week. That was a welcome reprieve from a 4% decline following CrowdStrike’s weak report on Tuesday.

Of 20 brokerages covering the company, 15 rate the stock a Buy or Strong Buy, and the other five have a Hold rating. At a share price of around $14.80, the upside potential based on a median price target of $30.00 is about 105%. At the high price target of $54.00, the upside potential is 265%.

Third-quarter revenue is forecast at $111 million, up 8.3% sequentially and nearly double year over year. The company’s adjusted loss per share is forecast at $0.25, compared to the prior quarter’s loss of $0.20 and the year-ago quarterly loss of $0.15. For the full 2023 fiscal year that ends in January, the company is expected to post a loss per share of $0.81, compared to a loss of $1.03 per share last fiscal year, on sales of $416.32 million, up 103.3%.

SentinelOne is not expected to post a profit in 2023, 2024 or 2025. The stock’s 2023 enterprise value to sales multiple is 7.1 times, as well as 4.3 times estimated 2024 sales of $682.84 million and 3.0 times estimated 2025 sales of $1 billion. The stock’s 52-week range is $13.27 to $53.97. The company does not pay a dividend, and the total return for the past year was negative 68%.

Stitch Fix

Online apparel retailer Stitch Fix Inc. (NASDAQ: SFIX) has seen its stock price drop by about 84% over the past 12 months. The stock tumbled to its 52-week low in late October and bounced higher before adding about 22.6% in the past six weeks. The bar for the company’s first quarter of fiscal 2023 has been set pretty low, and any miss on revenue or loss-per-share estimates could sink the stock even more.

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