MongoDB Inc reports results for the quarter ended July 31 - Earnings Summary

• MongoDB Inc MDB.OQ reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of thirty three analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 63 cents to 87 cents per share.

• Revenue rose 23.7% to $591.40 million from a year ago; analysts expected $556.30 million.

• MongoDB Inc's reported EPS for the quarter was a loss of 58 cents​.

• The company reported a quarterly loss of $47.05 million.

• MongoDB Inc shares had risen by 4.0% this quarter and lost 6.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for MongoDB Inc is $275.00, about 20.6% above its last closing price of $218.44

This summary was machine generated from LSEG data August 26 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)