Domo (DOMO) Updates FY 2019 Earnings Guidance

Share on StockTwits

Domo (NASDAQ:DOMO) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $-8.83–8.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-9.53. The company issued revenue guidance of $140.6-141 million, compared to the consensus revenue estimate of $136.92 million.Domo also updated its Q4 guidance to ($1.27)-($1.23) EPS.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Domo from a buy rating to a hold rating in a research note on Wednesday, November 7th. Credit Suisse Group upped their target price on shares of Domo from $25.00 to $27.00 and gave the stock an outperform rating in a research note on Friday, September 7th. JMP Securities upped their target price on shares of Domo from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Friday, September 7th. Finally, Morgan Stanley upped their target price on shares of Domo from $28.00 to $29.00 and gave the stock an overweight rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $26.43.

Shares of Domo stock opened at $20.40 on Friday. Domo has a twelve month low of $13.28 and a twelve month high of $28.86. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.03.

Domo (NASDAQ:DOMO) last issued its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.38) by $0.32. The company had revenue of $36.80 million for the quarter, compared to the consensus estimate of $34.98 million. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, analysts expect that Domo will post -9.55 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Domo (DOMO) Updates FY 2019 Earnings Guidance” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/2018/12/08/domo-domo-updates-fy-2019-earnings-guidance/3065321.html.

Domo Company Profile

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

Recommended Story: Balanced Fund

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.