MongoDB, Inc. will release its earnings report for Q3 FY25 on December 3, 2024, after the market closes. Analysts are expecting an EPS of $0.68 and revenue of $497.67 million for the quarter.

Highlights:

Year-over-year (YoY), the estimated EPS of $0.68 represents a decline of 29.17% from $0.96 in Q3 FY24. Quarter-over-quarter (QoQ), it reflects a smaller decline of 2.86% compared to $0.70 in Q2 FY25. In contrast, revenue is expected to grow significantly, up 14.93% YoY from $432.94 million and 4.06% QoQ from $478.11 million.

Key metrics include a trailing twelve-month (TTM) gross margin of 73.88% and an operating margin of -15.71%. The company reported annual recurring revenue (ARR) of approximately $1.1 billion as of January 31, 2024, reflecting a robust 36.5% YoY growth from $808 million in January 2023.

Strategies:

Catalysts for growth include strong demand for MongoDB Atlas and its positioning as a leading database provider in the AI market. However, potential risks involve macroeconomic challenges that may limit customer spending and competitive pressures from other database solutions in the AI space.

Guidance:

From its previous guidance, MongoDB remains optimistic about growth in its Atlas segment, which has seen a 27% YoY increase. The company expects to capitalize on rising demand for AI applications and plans to drive revenue growth through expanded customer adoption and new AI-related features.

Earnings Reaction:

Aug 29, 2024: The Company reported after market close and next day was up 18.3%.

May 30, 2024: The Company reported after market close and next day was down 23.8%

Mar 7, 2024: The Company reported after market close and next day was down 6.9%

Dec 5, 2024: The Company reported after market close and next day was down 10.66%

Technical:

The stock is trading at $325.94 with 1.07% increase today. The stock closed the previous week at $322.49 with 3.01% decrease. The stock is trading in a triangle. Currently stock is above the 50, 100 and 200 weekly EMAs, which is showing a long-term bullish bias. 50, 100 and 200 weekly EMAs are at $312.5, $304.8 and $291.8 respectively. At weekly timeframe, RSI is at 59.7 and MACD is bullish.

The stock is also trading above the 50, 100 and 200 day EMAs. Currently 50, 100 and 200 day EMAs are at $289.8, $285.9 and $298.4 respectively. At daily timeframe RSI is at 63.67 and MACD is bullish.