Domo (DOMO) Expected to Announce Quarterly Earnings on Thursday

Domo (NASDAQ:DOMO) is expected to be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $77.95 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Domo (NASDAQ:DOMO) last issued its earnings results on Thursday, December 5th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to analyst estimates of $77.56 million. Domo’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect Domo to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Domo Price Performance

Shares of Domo stock opened at $7.83 on Thursday. Domo has a one year low of $6.11 and a one year high of $11.87. The firm has a market capitalization of $306.22 million, a price-to-earnings ratio of -3.58 and a beta of 2.49. The business has a 50-day simple moving average of $7.76 and a 200 day simple moving average of $7.88.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cantor Fitzgerald raised Domo to a “strong-buy” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Domo in a report on Friday, December 6th. TD Cowen boosted their price objective on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Finally, Lake Street Capital boosted their price objective on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

About Domo

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.