MongoDB, Inc. MDB is set to report its second-quarter results after the market closes on Tuesday, Aug. 26. Analysts are projecting earnings of about 66 cents per share on revenue near $553.6 million, up from 70 cents per share and $478.1 million in the year-ago quarter.
In the first quarter, MongoDB topped expectations with revenue of $549.01 million and adjusted earnings of $1.00 per share, versus estimates of $528.22 million and 66 cents, respectively. The stock finished the prior session up about 3.4%, closing at $219.06.
Analysts have issued a flurry of recent ratings and targets for MongoDB. Rosenblatt’s Blair Abernethy has a Buy rating with a $290 target. Citi’s Tyler Radke also supports a Buy rating and raised the target to $405. BMO Capital’s Keith Bachman began coverage with an Outperform rating and a $280 target. Stephens & Co.’s Brett Huff started coverage with an Equal-Weight rating and a $247 target. Wolfe Research’s Alex Zukin began coverage with an Outperform rating and a $280 target.
What to watch for in the Q2 report: investors will be looking for continued strength in MongoDB’s top line and any commentary on the demand environment, customer growth, and the profitability trajectory, especially as the company advances its cloud-focused offerings. A strong earnings outlook and an upbeat view on growth drivers could support upside in the stock, while softer guidance might weigh on shares despite a solid quarterly performance.
Summary: MongoDB is approaching its Q2 results with expectations for modest earnings growth year over year and solid revenue expansion. Recent positive quarterly momentum, combined with a broad set of favorable analyst ratings and price targets, suggests investors will be focused on guidance and long-term growth prospects, particularly in cloud-based offerings.
Additional note: If you’d like, I can add a brief outlook section based on the company’s recent commentary, or compile a quick at-a-glance box with key numbers for readers.