MongoDB Sees Q3 Adj. EPS $0.47-$0.50 vs $0.27 Est., Revenue $400M-$404M vs $389.12M Est.
Portfolio Pulse from Bill Haddad
MongoDB (MDB) has projected its Q3 adjusted EPS to be between $0.47 and $0.50, which is higher than the estimated $0.27. The company also expects its revenue to be between $400M and $404M, surpassing the estimated $389.12M.
August 31, 2023 | 8:14 pm
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POSITIVE IMPACT
MongoDB's Q3 adjusted EPS and revenue projections are higher than estimates, which could positively impact the company's stock.
MongoDB's higher than expected Q3 adjusted EPS and revenue projections indicate strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100