Database software maker provides positive outlook for the future

  • MongoDB issues 4Q outlook and raises FY24 guidance
  • Forecasted revenue for the current quarter: $429-433 million
  • Forecasted adjusted earnings per share for the current quarter: 44-46 cents
  • Analysts expected revenue: $418.1 million
  • Analysts expected adjusted earnings per share: 37 cents
  • Forecasted revenue for fiscal 2024: $1.65-1.66 billion
  • Forecasted adjusted earnings per share for fiscal 2024: $2.89-2.91
  • Previous forecasted revenue for fiscal 2024: $1.6-1.61 billion
  • Previous forecasted adjusted earnings per share for fiscal 2024: $2.27-2.35

Database software maker MongoDB has issued its outlook for the fourth quarter and raised its guidance for the fiscal year. The company forecasts revenue between $429 million and $433 million for the current quarter, along with adjusted earnings per share in the range of 44 cents and 46 cents. This exceeds analysts’ expectations of $418.1 million in revenue and earnings of 37 cents per share on an adjusted basis. For fiscal 2024, MongoDB expects revenue between $1.65 billion and $1.66 billion, with adjusted earnings per share projected to be between $2.89 and $2.91. This is an increase from the previous forecast of revenue between $1.6 billion and $1.61 billion, and adjusted earnings per share in the range of $2.27 and $2.35.

Public Companies: MongoDB (MDB)
Private Companies:
Key People:

Track all markets on TradingView

Factuality Level: 8
Justification: The article provides specific guidance and forecasts from MongoDB for the current quarter and fiscal year. It also includes information on analysts’ expectations. The information provided can be verified and is based on factual data.

Noise Level: 8
Justification: The article provides relevant information about MongoDB’s guidance for the current quarter and fiscal year. It includes specific revenue and earnings per-share figures, as well as a comparison to analysts’ expectations. However, it lacks analysis of long-term trends or antifragility, and does not hold powerful people accountable or explore consequences of decisions. It also does not provide evidence, data, or actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial performance and outlook of MongoDB, a database software maker.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information about MongoDB’s financial guidance and outlook, which is relevant to financial markets and companies.

Reported publicly: www.marketwatch.com