MongoDB (NASDAQ:MDB) reported its Q4 earnings results on Tuesday, March 8, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
MongoDB beat estimated earnings by 59.09%, reporting an EPS of $-0.09 versus an estimate of $-0.22.
Revenue was up $95.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 16.42% increase in the share price the next day.
Here's a look at MongoDB's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.38 | -0.39 | -0.37 | -0.39 |
| EPS Actual | -0.11 | -0.24 | -0.15 | -0.33 |
| Revenue Estimate | 205.16M | 184.20M | 169.93M | 156.97M |
| Revenue Actual | 226.89M | 198.75M | 181.65M | 171.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
MongoDB management provided guidance for their next quarter, expecting earnings between $-0.12 and $-0.08 per share for the next quarter.
This represents a -11.11% in quarter-over-quarter growth for MongoDB, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
