MongoDB Sees FY24 Adj. EPS $2.27-$2.35 vs $1.55 Est., Revenue $1.596B-$1.608B vs $1.55B Est.
Portfolio Pulse from Bill Haddad
MongoDB has projected its FY24 adjusted EPS to be between $2.27 and $2.35, and revenue to be between $1.596B and $1.608B. Both these estimates are higher than the previous estimates of $1.55 EPS and $1.55B revenue.
August 31, 2023 | 8:15 pm
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POSITIVE IMPACT
MongoDB's higher than expected FY24 earnings and revenue estimates could potentially lead to a positive impact on its stock price.
Companies that project higher than expected earnings and revenue estimates often see a positive reaction in their stock price as this indicates potential future growth. Therefore, MongoDB's stock price could potentially increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100