MongoDB Inc. (NYSE: MDB) has confirmed that it will release its Q3 2021 earnings on Monday, December 6, 2021, after markets close.
What to look for
Earnings: Stockearning’s Estimated EPS for the third quarter is a loss of $0.41 per share, representing a YoY decline of 32.26%. The company anticipates a loss of $1.17 per share for the full year, representing a decline of $18.18%. In the second quarter, the company had a net loss of $1.22 per share and a non-GAAP loss of $0.24 per share. Historical EPS Performance shows that the company has in the past 12 quarters beat estimates eight times (66%) and missed estimates four times (33%).
Revenue: The company expects its Q3 revenue to be around $203.46 million representing a 34.94% YoY growth. In addition, the company anticipates revenue to be $808.95 million for the full year, representing a 37.03% increase from last year. In the second quarter, the company had revenue of $198.7 million, representing 44% YoY growth with subscription revenues increasing $191.4 million, a 44% YoY increase, while services revenue was $7.4 million, a YoY increase of 27%.
Stock Movement: Since the last earnings release, the stock has lost 14.7%. Big Lots shares have been DOWN 24% times out of the past 46 quarters after the earnings release. So, the historical price reaction suggests a 52% probability of the share price going DOWN once Big Lots releases its earnings. According to the Stockearning algorithm, the predicted first-day move is 8%, while the predicted move on the seventh day is 9%.
What analysts are saying
Credit Suisse analysts Phil Winslow commenced coverage on MongoDB with a price target of $700 and a "Buy" rating. Winslow expects the company to capture much of the fast-growing market as the company continues to shift to document and multi-model databases from tabular models.
Also, Mizuho analyst Matthew Broome increased his price target on the stock from $410 to $475 and maintained a "hold" rating on the shares. Broome said that software valuations have continued to ascend recently, and he is raising his price target to reflect the latest comp multiples appreciation.
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