MongoDB Q4 EPS $0.86 Beats $0.47 Estimate, Sales $458.00M Beat $433.73M Estimate
Portfolio Pulse from Happy Mohamed
MongoDB (NASDAQ:MDB) reported Q4 earnings of $0.86 per share, surpassing the $0.47 estimate, a 50.88% increase from last year. Sales reached $458M, beating the $433.73M estimate, marking a 26.76% increase from the previous year.
March 07, 2024 | 9:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MongoDB reported a significant beat on both earnings per share and sales for Q4, indicating strong financial performance and growth.
MongoDB's earnings and sales beat are likely to positively impact investor sentiment due to the significant outperformance compared to analyst estimates. The substantial growth in earnings and sales year-over-year further reinforces the company's strong market position and operational efficiency, which could lead to a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100