MongoDB Sees Q1 EPS $0.34-$0.39 Vs $0.62 Est.; Revenue $436M-$440M Vs $447.47M Est.; FY25 EPS $2.27-$2.49 Vs $3.34 Est.; Revenue $1.9B-$1.93B Vs $2.03B Est.
Portfolio Pulse from Benzinga Newsdesk
MongoDB has issued its financial guidance for Q1 and the full year of fiscal 2025, projecting lower earnings and revenue than analysts expected. The company anticipates Q1 EPS to be between $0.34 and $0.39, versus the estimated $0.62, and revenue between $436M and $440M, compared to the expected $447.47M. For the full year, MongoDB forecasts EPS between $2.27 and $2.49, against the estimated $3.34, and revenue between $1.9B and $1.93B, lower than the $2.03B estimate. This guidance accounts for over $80 million of FY24 revenue from multi-year term licenses and unused Atlas commitments not expected to be realized in FY25.
March 07, 2024 | 9:11 pm
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MongoDB projects lower than expected earnings and revenue for Q1 and FY 2025, with significant impacts from over $80 million in unrealized FY24 revenue.
MongoDB's guidance for both Q1 and the full fiscal year 2025 falls significantly below analyst expectations, primarily due to over $80 million in FY24 revenue that will not be realized in FY25. This shortfall in expected revenue and earnings per share is likely to negatively impact investor sentiment and the stock price in the short term.
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RELEVANCE 100