Brokerages Expect MongoDB, Inc. (NASDAQ:MDB) to Announce -$0.09 Earnings Per Share

Brokerages predict that MongoDB, Inc. (NASDAQ:MDBGet Rating) will post ($0.09) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for MongoDB’s earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.08). MongoDB posted earnings of ($0.15) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that MongoDB will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.42) to ($0.33). For the next fiscal year, analysts forecast that the company will post earnings of $0.03 per share, with EPS estimates ranging from ($0.11) to $0.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow MongoDB.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported ($1.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.25) by $0.05. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The business had revenue of $266.50 million for the quarter, compared to the consensus estimate of $243.42 million. During the same quarter in the prior year, the company earned ($1.01) EPS. The business’s revenue was up 55.8% compared to the same quarter last year.

A number of equities analysts have recently issued reports on MDB shares. Morgan Stanley dropped their price target on MongoDB from $633.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Barclays dropped their price objective on MongoDB from $556.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 9th. Stifel Nicolaus dropped their price objective on MongoDB from $550.00 to $425.00 in a research report on Wednesday, March 9th. Credit Suisse Group dropped their price objective on MongoDB from $700.00 to $650.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 9th. Finally, Canaccord Genuity Group dropped their price objective on MongoDB from $560.00 to $400.00 in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of “Buy” and an average price target of $496.72.

Shares of MDB traded up $40.40 during midday trading on Monday, reaching $286.03. 2,541,410 shares of the stock were exchanged, compared to its average volume of 1,245,434. MongoDB has a 52 week low of $227.60 and a 52 week high of $590.00. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. The company’s 50 day moving average is $371.89 and its two-hundred day moving average is $431.10. The company has a market capitalization of $19.33 billion, a P/E ratio of -60.34 and a beta of 0.98.

In other news, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $309.78, for a total value of $10,842,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Cedric Pech sold 309 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $443.77, for a total value of $137,124.93. Following the completion of the transaction, the executive now owns 46,135 shares of the company’s stock, valued at $20,473,328.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,475 shares of company stock valued at $43,717,816. Company insiders own 7.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Confluence Wealth Services Inc. purchased a new position in MongoDB during the fourth quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $26,000. Bank of New Hampshire purchased a new stake in shares of MongoDB in the first quarter valued at approximately $25,000. Arlington Partners LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at approximately $30,000. Finally, Winch Advisory Services LLC increased its position in shares of MongoDB by 54.2% in the third quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock valued at $35,000 after buying an additional 26 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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