Domo (NASDAQ:DOMO) Issues FY 2020 Earnings Guidance

Domo (NASDAQ:DOMO) updated its FY 2020 earnings guidance on Thursday. The company provided EPS guidance of $-4.1–4 for the period, compared to the Thomson Reuters consensus EPS estimate of $-3.82. The company issued revenue guidance of $168-169 million, compared to the consensus revenue estimate of $173.58 million.Domo also updated its Q3 2020 guidance to $-1.04–1 EPS.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Domo from a buy rating to a hold rating in a research report on Monday, May 27th. Morgan Stanley set a $47.00 target price on shares of Domo and gave the stock a buy rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $47.20.

DOMO stock traded up $1.08 on Thursday, reaching $25.21. 1,403,900 shares of the company were exchanged, compared to its average volume of 717,806. Domo has a 12 month low of $13.28 and a 12 month high of $47.08. The stock’s fifty day moving average price is $26.15 and its 200 day moving average price is $32.46. The firm has a market capitalization of $663.47 million, a PE ratio of -2.67 and a beta of 0.86. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, June 6th. The company reported ($1.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.45) by $0.37. The business had revenue of $40.80 million for the quarter, compared to analyst estimates of $40.69 million. Domo had a negative net margin of 95.39% and a negative return on equity of 253.84%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, research analysts expect that Domo will post -4.82 EPS for the current fiscal year.

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.

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