Domo (NASDAQ:DOMO) Issues Q4 Earnings Guidance

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Domo (NASDAQ:DOMO) updated its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.98)-(0.94) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.98). The company issued revenue guidance of $45-46 million, compared to the consensus revenue estimate of $43.90 million.

Shares of DOMO stock traded down $0.11 on Thursday, reaching $19.50. 964,910 shares of the company’s stock traded hands, compared to its average volume of 739,203. The company has a market capitalization of $539.35 million, a P/E ratio of -2.07 and a beta of 0.85. Domo has a 12-month low of $14.80 and a 12-month high of $47.08. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.46 and a current ratio of 1.46. The business’s 50 day moving average price is $17.12 and its two-hundred day moving average price is $23.47.

Domo (NASDAQ:DOMO) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 403.37% and a negative net margin of 81.35%. The firm had revenue of $41.70 million during the quarter, compared to the consensus estimate of $41.68 million. During the same period in the prior year, the business earned ($3.44) EPS. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Research analysts predict that Domo will post -4.7 earnings per share for the current year.

A number of equities analysts have recently weighed in on DOMO shares. Credit Suisse Group downgraded Domo from an outperform rating to a neutral rating and dropped their target price for the company from $45.00 to $20.00 in a report on Friday, September 6th. UBS Group lowered their price objective on shares of Domo from $28.00 to $18.00 and set a neutral rating on the stock in a research report on Monday, September 9th. Zacks Investment Research lowered shares of Domo from a strong-buy rating to a hold rating in a research note on Wednesday, November 6th. Cowen cut their target price on shares of Domo from $52.00 to $28.00 and set a buy rating for the company in a research report on Friday, September 6th. Finally, Needham & Company LLC reissued a buy rating and set a $34.00 target price (down previously from $50.00) on shares of Domo in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $25.71.

In other news, CEO Joshua G. James bought 60,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $17.00 per share, with a total value of $1,020,000.00. Corporate insiders own 21.97% of the company’s stock.

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.

Further Reading: How is diluted EPS different from basic EPS?

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