Zacks: Analysts Expect Mongodb Inc (MDB) Will Post Earnings of -$0.24 Per Share

Wall Street brokerages expect Mongodb Inc (NASDAQ:MDB) to announce earnings per share of ($0.24) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Mongodb’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.25). Mongodb posted earnings per share of ($0.43) in the same quarter last year, which indicates a positive year-over-year growth rate of 44.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, June 5th.

According to Zacks, analysts expect that Mongodb will report full-year earnings of ($1.01) per share for the current fiscal year, with EPS estimates ranging from ($1.03) to ($0.98). For the next financial year, analysts expect that the business will post earnings of ($0.63) per share, with EPS estimates ranging from ($0.89) to ($0.25). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Mongodb.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.20. Mongodb had a negative return on equity of 49.90% and a negative net margin of 44.47%. The firm had revenue of $83.10 million for the quarter, compared to the consensus estimate of $74.02 million. During the same quarter last year, the company earned ($0.40) earnings per share. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year.

Several equities analysts have weighed in on MDB shares. Zacks Investment Research upgraded Mongodb from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Friday, March 15th. Needham & Company LLC restated a “buy” rating and set a $108.00 price target (up previously from $91.00) on shares of Mongodb in a report on Thursday, February 28th. William Blair started coverage on Mongodb in a report on Friday, March 22nd. They set an “outperform” rating for the company. Nomura set a $63.00 price target on Mongodb and gave the company a “sell” rating in a report on Tuesday, February 26th. Finally, Monness Crespi & Hardt raised their price target on Mongodb from $110.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $112.69.

In related news, CFO Michael Lawrence Gordon sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $134.11, for a total transaction of $9,387,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Hazard, Jr. sold 2,017 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.32, for a total value of $266,889.44. The disclosure for this sale can be found here. Insiders sold a total of 204,925 shares of company stock valued at $26,066,704 over the last ninety days. Corporate insiders own 40.04% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Cetera Advisor Networks LLC lifted its stake in shares of Mongodb by 3.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock worth $479,000 after acquiring an additional 104 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Mongodb by 4.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock worth $269,000 after acquiring an additional 124 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Mongodb by 30.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 728 shares of the company’s stock worth $107,000 after acquiring an additional 170 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Mongodb by 5.6% during the 1st quarter. MML Investors Services LLC now owns 4,139 shares of the company’s stock worth $609,000 after acquiring an additional 220 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Mongodb during the 4th quarter worth approximately $25,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MDB opened at $145.74 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.44 and a quick ratio of 3.44. Mongodb has a 12-month low of $41.94 and a 12-month high of $154.80. The stock has a market cap of $8.01 billion, a P/E ratio of -84.73 and a beta of -0.01.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Earnings History and Estimates for Mongodb (NASDAQ:MDB)

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