MongoDB Sees Q2 EPS $0.46-$0.49 Vs $0.58 Est.; Revenue $460M-$464M Vs $470.43M Est.; FY25 EPS $2.15-$2.30 Vs $2.50 Est.; Revenue $1.88B-$1.90B Vs $1.93B Est.
Portfolio Pulse from Benzinga Newsdesk
MongoDB has issued its financial guidance for Q2 and FY25, with EPS and revenue estimates falling short of analyst expectations. For Q2, EPS is projected at $0.46-$0.49 vs. $0.58 estimated, and revenue at $460M-$464M vs. $470.43M estimated. For FY25, EPS is projected at $2.15-$2.30 vs. $2.50 estimated, and revenue at $1.88B-$1.90B vs. $1.93B estimated.
May 30, 2024 | 8:12 pm
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MongoDB's Q2 and FY25 financial guidance falls short of analyst expectations, with lower-than-expected EPS and revenue projections. This could lead to a negative short-term impact on the stock price.
The guidance provided by MongoDB for Q2 and FY25 shows lower-than-expected EPS and revenue figures compared to analyst estimates. This discrepancy is likely to result in a negative reaction from investors, leading to a potential decline in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100