MongoDB's Earnings: Expecting Steady Growth

MongoDB set to release Q2 earnings, expected to grow by 12.3% year over year, reaching $594.3M. Analysts anticipate adjusted earnings of $0.79 per share. MongoDB has consistently exceeded revenue expectations, beating estimates by an average of 5% over the last two years. Competitors like DigitalOcean and Commvault reported revenue growth, but stocks fluctuated post-results. The broader data and analytics software sector has seen an average decline of 4.7% over the past month, with MongoDB down 7.5% heading into earnings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.