Domo (DOMO) Expected to Announce Quarterly Earnings on Thursday

Domo (NASDAQ:DOMO) will likely 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. Parties that wish to listen to the company’s conference call can do so using this link.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.27). The company had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. The business’s quarterly revenue 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 Trading Up 2.8 %

Shares of DOMO opened at $7.83 on Thursday. The company has a market capitalization of $306.22 million, a PE ratio of -3.58 and a beta of 2.49. Domo has a 12 month low of $6.11 and a 12 month high of $11.87. The stock’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $7.88.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOMO. Lake Street Capital lifted their target price on Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Cantor Fitzgerald raised Domo to a “strong-buy” rating in a report on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Domo in a report on Friday, December 6th. Finally, TD Cowen lifted their price objective on Domo from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.