Database platform company MongoDB (NASDAQ:MDB) will report earnings today Monday afternoon. Here’s what to see.
MongoDB beat analysts’ revenue expectations by 6.8% last quarter, reporting revenue of $591.4 million, up 23.7% year over year. It was an extraordinary quarter for the company, with both billings estimates and EPS guidance for the next quarter exceeding analysts’ expectations. This added 58 enterprise customers paying more than $100,000 annually, bringing the total number to 2,564.
Is it profitable to buy or sell MongoDB? Read our full analysis here, free to Active Edge members.
This quarter, analysts expect MongoDB’s revenue to grow 12.3% year over year to $594.3 million, slower than the 22.3% growth recorded in the same quarter last year. Adjusted earnings are expected to be $0.79 per share.
Analysts covering the company have generally affirmed their estimates over the last 30 days, suggesting they expect the business to continue to grow earnings. MongoDB has a history of exceeding Wall Street’s expectations, beating revenue estimates by an average of 5% each time over the past two years.
Looking at MongoDB’s peers in the data and analytics software segment, some have already reported their Q3 results, giving us an indication of what we can expect. DigitalOcean reported revenue growth of 15.7% year-over-year, which was 1.4% above analysts’ expectations, and Commvault reported revenue growth of 18.4%, which was 1.1% above estimates. DigitalOcean trading rose 21.3% after the results while Commvault was down 19.5%.
Read our full analysis of DigitalOcean’s results here and Commvault’s results here.
The outlook for 2025 remains unclear due to potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some data and analytics software stocks have shown solid performance in this volatile environment, the group has generally underperformed, with share prices falling an average of 4.7% over the past month. MongoDB is down 7.5% over the same time period and is headed for earnings with an average analyst price target of $371.66 (compared to the current share price of $333.01).
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