MongoDB Sees Q4 Adj. EPS $0.44-$0.46 vs $0.37; Sees Revenue $429M-$433M vs $413.94M Est.
Portfolio Pulse from Benzinga Newsdesk
MongoDB projects higher-than-expected adjusted earnings per share (EPS) of $0.44-$0.46 for Q4, compared to the estimated $0.37. The company also forecasts Q4 revenue to be between $429M-$433M, surpassing the estimated $413.94M.
December 05, 2023 | 9:08 pm
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MongoDB anticipates a higher Q4 adjusted EPS of $0.44-$0.46, above the $0.37 estimate, and revenue between $429M-$433M, exceeding expectations of $413.94M.
MongoDB's projected earnings and revenue for Q4 are both higher than analyst estimates, which is likely to be viewed positively by investors. This positive earnings guidance can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100