Earnings Preview: What To Expect From MongoDB Today

Mongodb should publish its results after Tuesday’s fence. The action has reached a record level of $ 590/share in 2021 and is currently negotiated at nearly $ 423/action. The stock is prone to big moves after earnings releases and can easily move higher if the numbers are strong. Conversely, if the numbers are disappointing, the stock can easily fall. To help you prepare, here’s what the Street expects:

Profit overview

The company is expected to have a gain of $ 0.51/share on a turnover of $ 403.65 million. Meanwhile, the so-called WHISPER number represents a gain of $ 0.55/share. The Whisper number is the Street’s unofficial take on earnings.

A Closer Look at the Fundamentals

The company’s earnings turned positive in 2023 and are expected to continue growing rapidly in 2024 and 2025. The company lost money every year until 2022, then is expected to become profitable and earn $0.81 in 2023 Profit is expected to reach 2.38 (+194% YoY) in 2024, then to 2.85 (another 20% YoY) in 2025. This is very attractive for growth investors.

A Closer Look at the Techniques

Technically, the title performs very well. The title is in good rise this year and has just come out of an upward trend in the shape of a cup with handle. The title is currently consolidating its recent (and robust) rallying close to its highest of the summer. A break above 439 will be very bullish and suggests higher prices will follow. Conversely, if the stock falls after earnings, it will be bearish.

Pay attention to how the stock reacts to the news

From my perspective, the most important trait I look for during earnings season is how the market and a specific company react to the news. Remember to always cut your losses and never argue with the gang.

Notice of non-responsibility: The title is currently presented in my FindLeadingStocks.com scholarship membership website.