I post this answer to check my understanding.
Imagine a wavefunction in 1 dimensions with a known energy and momentum it's wavefunction will be:
$$\Psi(x, t) = e^{i(kx-\omega t)} = e^{i(px-E t)/\hbar}$$
With some calculus and algebra you can derive the momentum operator and get this:
$$-i\hbar \partial_x \Psi = p \Psi$$
There $-i\hbar \partial_x$ is the momentum operator (I used $\partial_x$ for sorthand for partial derivation). The $p$ is the momentum we measured: the eigen-value of the operator.
Since we prepared the state with a known momentum, the measurement of the momentum doesn't have any effect on the state.
Now imagine a state that is a superposition of 3 possible momenta, so it's a sum of 3 states for each momentum:
$$\Psi = \Psi_1 + \Psi_2 + \Psi_3$$
The superposition principle allows this. Applying the momentum operator on them, you'll get this:
$$-i\hbar \partial_x \left( \Psi_1 + \Psi_2 + \Psi_3 \right) = p_1\Psi_1 + p_2\Psi_2 + p_3\Psi_3 $$
That means our state have 3 different momenta at the same time, but the measurement must give one of the 3 possible eigenvalues. You can get the probability of collapse to a particular state by calculating the
$$ \langle \Psi_i| \Psi\rangle = \int_{-\infty}^\infty\Psi_i^*(x,t) \Psi(x,t) dx$$
Where the asterisk means the complex conjugate. And on the bra-side there must be one of the eigenstates of the operator (that is a pure plane wave with known momentum).
So to answer your question (partially):
After the measurement the Copenhagen interpretation says that state immediately changes to one of the eigenstates. The many worlds interpretation says there is no such collapse instead all the eigenstates can coexist simultaneously in parallel worlds. If the nature have chosen $p_1$ as the measurement result, you'll know that the state is now $\Psi_1$ which is then renormalized to ensure $\langle \Psi_1 | \Psi_1 \rangle = 1$. This renormalization just a technical step for convenience since the Schrodinger-equation doesn't care if you multiply the wave function with an arbitrary constant number. You can see states as infinite dimensional vectors (you can use dimensional analogy of the finite dimensional vectors). And only the directions of these vectors matter. Not the length.
An operator doesn't change the direction of an eigenstate.