Earnings Preview: MongoDB
Portfolio Pulse from Benzinga Insights
MongoDB (NASDAQ:MDB) is scheduled to release its quarterly earnings report on Tuesday, 2023-12-05, with analysts expecting an EPS of $0.50. Investors are looking for an earnings beat and positive guidance for the next quarter. MongoDB's stock performance has been strong, with shares up 199.95% over the last 52 weeks, trading at $435.23 as of December 01. Past earnings have resulted in significant share price movements.
December 04, 2023 | 2:01 pm
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POSITIVE IMPACT
MongoDB is anticipated to report an EPS of $0.50 for the upcoming quarter. Historically, earnings beats have led to positive stock price movements, and long-term shareholders are bullish.
Given MongoDB's history of beating EPS estimates and the subsequent positive stock price reactions, there is a high likelihood of a similar outcome if the company beats the EPS estimate again. The anticipation of positive guidance could further bolster investor confidence and the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100