MongoDB Inc reports results for the quarter ended October 31 - Earnings Summary

Mongodb

09/12/2024 22:02

* MongoDB Inc  MDB.OQ  reported quarterly adjusted earnings
of
$1.16​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 96
cents.  The mean expectation of twenty seven analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 66 cents to 89 cents per share.
    * Revenue rose 22.3% to $529.38 million from a year ago;
analysts
expected $501.97 million. 
    * MongoDB Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $9.78 million.
    * MongoDB Inc shares had risen by 27.0% this quarter and
lost 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 26 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for MongoDB Inc is
$350.00 
This summary was machine generated from LSEG data December 9 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      0.69           1.16           Beat
 Jul. 31 2024      0.49           0.70           Beat
 Apr. 30 2024      0.40           0.51           Beat
 Jan. 31 2024      0.47           0.86           Beat