Domo (DOMO) Projected to Post Quarterly Earnings on Thursday

Domo (NASDAQ:DOMO) is anticipated to release its earnings data after the market closes on Thursday, March 6th. Analysts expect Domo to post earnings of ($0.18) per share and revenue of $77.95 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results 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 firm had revenue of $79.68 million during the quarter, compared to the consensus estimate of $77.56 million. Domo’s revenue was down .1% compared to the same quarter last year. On average, analysts expect Domo to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Domo Stock Performance

Shares of DOMO opened at $7.72 on Wednesday. Domo has a 52-week low of $6.11 and a 52-week high of $11.87. The stock’s 50-day simple moving average is $7.79 and its 200 day simple moving average is $7.89. The stock has a market capitalization of $301.91 million, a price-to-earnings ratio of -3.53 and a beta of 2.56.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Lake Street Capital increased their price target on shares of Domo from $8.00 to $9.50 and gave the stock a “hold” rating in a report on Friday, December 6th. Cantor Fitzgerald raised shares of Domo to a “strong-buy” rating in a report on Tuesday, February 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target 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 company a “hold” rating in a research note on Friday, November 29th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.