We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For first-quarter fiscal 2025, MongoDB expects revenues between $436 million and $440 million. The Zacks Consensus Estimate for revenues is currently pegged at $438.44 million, indicating growth of 19.05% year over year.
Non-GAAP income from operations is anticipated in the range of $22-$25 million. Non-GAAP net income per share is estimated between 34 cents and 39 cents. For the fiscal first quarter, the consensus mark for income per share has remained steady at 38 cents in the past 30 days, indicating a decline of 32.14% year over year.
Let’s see how things have shaped up for MongoDB for the upcoming announcement.
MongoDB has been emerging as a developer-favorite for its flexible, scalable and easy-to-use data platform, which has been driving its impressive growth. In the previous quarter, the company's Atlas cloud database service revenues climbed 34% year over year, contributing 68% to total revenues. With more than 46,300 customers, MDB has been rapidly expanding its customer base through strategic acquisitions, cross-selling and retention efforts.
Product innovation has been a key focus, with new features like MongoDB Atlas Vector Search simplifying the integration of generative AI and semantic search capabilities into real-time applications. This innovation is likely to have resonated with customers, driving satisfaction, engagement and potentially higher retention rates.
MongoDB's global reach has been expanding, with the availability of Atlas in 117 cloud regions across Alphabet (GOOGL - Free Report) -owned Google Cloud, Amazon’s (AMZN - Free Report) cloud division, Amazon Web Services, and Microsoft (MSFT - Free Report) Azure, catering to customers' data residency, availability and latency requirements.
Strategic partnerships with hyperscale cloud providers are a significant growth driver for MongoDB. The company has deepened collaborations with Google Cloud, optimizing Atlas Vector Search with Vertex AI for generative AI applications and exploring industry solutions for retail and manufacturing.
With AMZN, MDB has been integrating Atlas Vector Search with Amazon Bedrock and optimizing Amazon CodeWhisperer for application development on its platform.
MDB's expanded partnership with MSFT facilitates cloud adoption journeys, with improved accessibility to MongoDB Atlas through the Microsoft commercial marketplace. The partnership is expected to have enabled millions of Azure developers to discover and utilize the service.
By offering its database service across all major cloud platforms and enabling seamless migration between them, MongoDB is positioning itself as the go-to developer data platform, capitalizing on the growing demand for cloud-based, flexible and AI-enabled data solutions. This is expected to have helped the company reach a new customer base in the to-be-reported quarter.
Image: Shutterstock
MongoDB (MDB) to Report Q1 Earnings: What's in the Offing?
MongoDB (MDB - Free Report) is scheduled to report first-quarter fiscal 2025 results on May 30.
For first-quarter fiscal 2025, MongoDB expects revenues between $436 million and $440 million. The Zacks Consensus Estimate for revenues is currently pegged at $438.44 million, indicating growth of 19.05% year over year.
Non-GAAP income from operations is anticipated in the range of $22-$25 million. Non-GAAP net income per share is estimated between 34 cents and 39 cents. For the fiscal first quarter, the consensus mark for income per share has remained steady at 38 cents in the past 30 days, indicating a decline of 32.14% year over year.
Let’s see how things have shaped up for MongoDB for the upcoming announcement.
MongoDB, Inc. Price and EPS Surprise
MongoDB, Inc. price-eps-surprise | MongoDB, Inc. Quote
Factors to Consider
MongoDB has been emerging as a developer-favorite for its flexible, scalable and easy-to-use data platform, which has been driving its impressive growth. In the previous quarter, the company's Atlas cloud database service revenues climbed 34% year over year, contributing 68% to total revenues. With more than 46,300 customers, MDB has been rapidly expanding its customer base through strategic acquisitions, cross-selling and retention efforts.
Product innovation has been a key focus, with new features like MongoDB Atlas Vector Search simplifying the integration of generative AI and semantic search capabilities into real-time applications. This innovation is likely to have resonated with customers, driving satisfaction, engagement and potentially higher retention rates.
MongoDB's global reach has been expanding, with the availability of Atlas in 117 cloud regions across Alphabet (GOOGL - Free Report) -owned Google Cloud, Amazon’s (AMZN - Free Report) cloud division, Amazon Web Services, and Microsoft (MSFT - Free Report) Azure, catering to customers' data residency, availability and latency requirements.
Strategic partnerships with hyperscale cloud providers are a significant growth driver for MongoDB. The company has deepened collaborations with Google Cloud, optimizing Atlas Vector Search with Vertex AI for generative AI applications and exploring industry solutions for retail and manufacturing.
With AMZN, MDB has been integrating Atlas Vector Search with Amazon Bedrock and optimizing Amazon CodeWhisperer for application development on its platform.
MDB's expanded partnership with MSFT facilitates cloud adoption journeys, with improved accessibility to MongoDB Atlas through the Microsoft commercial marketplace. The partnership is expected to have enabled millions of Azure developers to discover and utilize the service.
By offering its database service across all major cloud platforms and enabling seamless migration between them, MongoDB is positioning itself as the go-to developer data platform, capitalizing on the growing demand for cloud-based, flexible and AI-enabled data solutions. This is expected to have helped the company reach a new customer base in the to-be-reported quarter.
Currently, MongoDB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.