In its upcoming report, MongoDB (MDB) is predicted by Wall Street analysts to post quarterly earnings of $1.60 per share, reflecting an increase of 60% compared to the same period last year. Revenues are forecasted to be $733.61 million, representing a year-over-year increase of 24%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain MongoDB metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Subscription' reaching $710.67 million. The estimate suggests a change of +24.2% year over year.
The consensus among analysts is that 'Revenue- Services' will reach $21.90 million. The estimate indicates a year-over-year change of +15%.
The average prediction of analysts places 'Revenue- Subscription - Atlas-related' at $552.44 million. The estimate suggests a change of +25.9% year over year.
Analysts expect 'Revenue- Subscription - MongoDB Enterprise Advanced and other' to come in at $159.26 million. The estimate points to a change of +19.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'MongoDB Atlas customers' of 68,939 . Compared to the present estimate, the company reported 58,300 in the same quarter last year.
View all Key Company Metrics for MongoDB here>>>Over the past month, MongoDB shares have recorded returns of +26.5% versus the Zacks S&P 500 composite's +3.7% change. Based on its Zacks Rank #3 (Hold), MDB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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MongoDB, Inc. (MDB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).