Upcoming Quarterly Earnings Report for MongoDB What Investors Need to Know

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Posted on mongodb google news. Visit mongodb google news

On May 31, 2023, MongoDB (NASDAQ: MDB) is set to unveil its latest quarterly earnings report, which will be eagerly anticipated by investors. According to analysts, the company is expected to announce an earnings per share (EPS) of $0.19, a figure that will be closely scrutinized by market watchers. However, it’s not just the EPS that investors will be looking for, as positive guidance or forecasted growth for the next quarter will also be important factors.

It’s worth noting that the impact on stock prices is not always determined by whether a company beats or misses earnings estimates, but also by the guidance provided. In the previous quarter, MongoDB beat EPS estimates by $0.50, but this was followed by an 8.36% drop in share price the following day. This highlights the importance of guidance in influencing investor sentiment.

Despite the recent volatility, MongoDB’s shares have performed well over the last 52 weeks, with an increase of 2.31%. To stay up-to-date with all of MongoDB’s earnings releases, investors can visit the earnings calendar on the NASDAQ website.

MDB (MongoDB Inc.) Stock Update: May 31, 2023 and Earnings Growth Forecast

On May 31, 2023, MDB (MongoDB Inc.) opened at $290.85, a decrease of 1.31% from the previous close of $292.57. The day’s range was between $289.50 and $298.57, with a volume of 28,978 shares traded. The market cap for MDB was $20.1B.

MDB’s earnings growth for the previous year was -5.89%, but it had a significant increase of 27.87% in earnings growth for the current year. The company is expected to have a steady earnings growth rate of 8.00% for the next five years. The revenue growth for the past year was positive at 46.95%.

MDB’s price-to-earnings (P/E) ratio was not available (NM), but its price-to-sales ratio was 11.45, and its price-to-book ratio was 26.89.

MDB’s next reporting date was on June 1, 2023, with an EPS forecast of $0.18 for the current quarter. The company operates in the packaged software industry within the technology services sector.

Investors should keep an eye on the company’s upcoming quarterly report to see if it meets the EPS forecast and any updates on its financials.

MDB Stock Update: Analysts Offer 12-Month Price Forecasts Despite Decrease in Median Target Price

On May 31, 2023, MongoDB Inc (MDB) stock closed at a price of 293.24. According to data from CNN Money, the 20 analysts offering 12-month price forecasts for MDB have a median target of 250.00, with a high estimate of 363.00 and a low estimate of 180.00.

Despite the decrease in the median target price, the current consensus among 25 polled investment analysts is to buy stock in MDB. This rating has held steady since May, when it was unchanged from a buy rating.

Looking at the current quarter, MDB reported earnings per share of $0.18 and sales of $347.8M. The reporting date for this quarter is June 01, 2023.

It is important to note that stock performances can be affected by a variety of factors, including market trends, company news, and global events. As such, the performance of MDB stock on May 31, 2023, should not be taken as a definitive indicator of future performance.

Investors should always conduct their own research and analysis before making any investment decisions. This includes considering factors such as the company’s financial health, industry trends, and overall market conditions. By doing so, investors can make informed decisions that align with their investment goals and risk tolerance.

Article originally posted on mongodb google news. Visit mongodb google news

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