MongoDB (MDB) Q4 Earnings Report Preview: What To Look For

Database software company MongoDB (MDB) will be reporting results tomorrow after market close. Here's what you need to know.

Last quarter MongoDB reported revenues of $432.9 million, up 29.8% year on year, beating analyst revenue expectations by 7.2%. It was a mixed quarter for the company, with a solid beat of analysts' revenue estimates. However, calculated billings (revenue + change in deferred revenue) missed. Customer count also missed and growth of this key metric slowed. Next quarter and full year revenue and non-GAAP operating income guidance came in higher than Wall Street's estimates. The company added 117 enterprise customers paying more than $100,000 annually to a total of 1,972.

Is MongoDB buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting MongoDB's revenue to grow 20.5% year on year to $435.5 million, slowing down from the 35.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 7.8%.

Looking at MongoDB's peers in the data storage segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. DigitalOcean delivered top-line growth of 11% year on year, beating analyst estimates by 1.6% and Couchbase reported revenues up 20.3% year on year, exceeding estimates by 7.6%. DigitalOcean traded up 4.3% on the results, and Couchbase was up 16%.

Read our full analysis of DigitalOcean's results here and Couchbase's results here.

Investors in the data storage segment have had steady hands going into the earnings, with the stocks down on average 1.2% over the last month. MongoDB is down 6.5% during the same time, and is heading into the earnings with analyst price target of $470.5, compared to share price of $414.5.

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