Database platform company MongoDB (NASDAQ:MDB) will report earnings this Monday afternoon. Here’s what to look for.
MongoDB beat analysts’ revenue expectations by 6.8% last quarter, reporting revenue of $591.4 million, up 23.7% year-over-year. It was a stellar quarter for the company, with strong beating of analyst billings estimates and EPS forecasts for the next quarter beating analysts’ expectations. It added 58 corporate clients paying more than $100,000 a year to reach a total of 2,564.
Is MongoDB a profit generating buy or sell? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts expect MongoDB’s revenue to increase 12.3% year over year to $594.3 million, a slowdown from the 22.3% increase recorded in the same quarter last year. Adjusted earnings are expected to be $0.79 per share.
Analysts covering the company have generally reconfirmed their estimates over the past 30 days, suggesting they expect the company to stay the course before reporting profits. MongoDB has a history of beating Wall Street expectations, beating revenue estimates each time over the past two years by an average of 5%.
Looking at MongoDB’s peers in the data and analytics software segment, some have already released their third quarter results, giving us an idea of what we can expect. DigitalOcean reported year-over-year revenue growth of 15.7%, beating analysts’ expectations of 1.4%, and Commvault reported revenue up 18.4%, beating estimates by 1.1%. DigitalOcean rose 21.3% following the results while Commvault was down 19.5%.
Read our full analysis of DigitalOcean’s results here and Commvault’s results here.
The outlook for 2025 remains clouded by possible trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some data and analytics software stocks have performed strongly in this turbulent environment, the group has generally underperformed, with share prices down 4.7% on average over the past month. MongoDB is down 7.5% in the same period and headed for profits with an average analyst price target of $371.66 (compared to the current stock price of $333.01).
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