Domo (DOMO) Projected to Post 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 wish to listen to the company’s conference call can do so using this link.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27). The firm had revenue of $79.68 million for the quarter, compared to the consensus estimate of $77.56 million. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect Domo to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Domo Stock Down 1.2 %

DOMO opened at $7.51 on Tuesday. The firm has a market capitalization of $293.70 million, a P/E ratio of -3.43 and a beta of 2.49. The firm’s 50 day moving average is $7.79 and its 200-day moving average is $7.89. Domo has a 52-week low of $6.11 and a 52-week high of $11.87.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DOMO. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Domo in a research note on Friday, December 6th. Lake Street Capital lifted their price objective on shares of Domo from $8.00 to $9.50 and gave the company a “hold” rating in a research note on Friday, December 6th. TD Cowen lifted their price objective on shares of Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, November 29th. Finally, Cantor Fitzgerald upgraded shares of Domo to a “strong-buy” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Domo Company Profile

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.