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Curious about MongoDB (MDB) Q3 Performance? Explore Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that MongoDB (MDB - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing a decline of 31.9% year over year. Revenues are projected to reach $591.22 million, increasing 11.7% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some MongoDB metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenue- Services' reaching $18.30 million. The estimate suggests a change of +6.6% year over year.
According to the collective judgment of analysts, 'Revenue- Subscription' should come in at $572.95 million. The estimate suggests a change of +11.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Subscription - MongoDB Atlas-related' should arrive at $455.82 million. The estimate points to a change of +25.7% from the year-ago quarter.
Analysts expect 'Revenue- Subscription - Other subscription' to come in at $114.85 million. The estimate indicates a year-over-year change of -23.2%.
The consensus among analysts is that 'MongoDB Atlas customers' will reach 59,906 . The estimate compares to the year-ago value of 51,100 .
Shares of MongoDB have experienced a change of -2.8% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), MDB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about MongoDB (MDB) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Analysts on Wall Street project that MongoDB (MDB - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing a decline of 31.9% year over year. Revenues are projected to reach $591.22 million, increasing 11.7% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some MongoDB metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenue- Services' reaching $18.30 million. The estimate suggests a change of +6.6% year over year.
According to the collective judgment of analysts, 'Revenue- Subscription' should come in at $572.95 million. The estimate suggests a change of +11.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Subscription - MongoDB Atlas-related' should arrive at $455.82 million. The estimate points to a change of +25.7% from the year-ago quarter.
Analysts expect 'Revenue- Subscription - Other subscription' to come in at $114.85 million. The estimate indicates a year-over-year change of -23.2%.
The consensus among analysts is that 'MongoDB Atlas customers' will reach 59,906 . The estimate compares to the year-ago value of 51,100 .
View all Key Company Metrics for MongoDB here>>>Shares of MongoDB have experienced a change of -2.8% in the past month compared to the -1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), MDB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .