MongoDB expected to report Q2 earnings between $460 million and $464 million, with declining EPS.

From Nasdaq: 2024-08-26 10:42:00

MongoDB is set to report second-quarter fiscal 2025 results on Aug 29. Revenue is expected to be between $460 million and $464 million. The Zacks Consensus Estimate is $462.92 million. Non-GAAP income from operations is forecasted to be $35-$38 million with a net income of 46-49 cents per share, although EPS is expected to decline by 48.4%.

In the last quarter, MongoDB exceeded earnings expectations by 34.21%. The company has beaten estimates in the past four quarters, with an average of 80.94%. However, the company’s Earnings ESP is currently 0.00%, with a Zacks Rank of #3. MongoDB’s global reach and strategic partnerships with major cloud providers continue to drive growth, despite some concerns about valuation and competitive pressures.

MongoDB’s innovative data platform and developer-friendly tools have made it a favorite among customers, with a notable 32% increase in Atlas cloud database service revenues year over year. The company has over 49,200 clients and high net revenue retention rates, indicating strong customer loyalty. New features like MongoDB Atlas Vector Search have been well-received, driving customer satisfaction and retention rates.

While MongoDB has seen its stock price decline by 39.4% year to date, the company’s focus on cloud-based solutions and strategic partnerships with major cloud providers position it for potential growth. Despite concerns about competition, scalability, and valuation, MongoDB’s strong market position and innovative technology suggest long-term potential. Investors should carefully consider these factors before making investment decisions.



Read more at Nasdaq: MongoDB (MDB) Stock Before Q2 Earnings: To Buy or Not to Buy?