Domo (DOMO) Projected to Post Quarterly Earnings on Thursday

Domo (NASDAQ:DOMO) is expected to issue its quarterly earnings data 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 interested in registering for the company’s conference call can do so using this link.

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

Domo stock opened at $7.51 on Tuesday. Domo has a 12-month low of $6.11 and a 12-month high of $11.87. The stock 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 two-hundred day moving average is $7.89.

Analysts Set New Price Targets

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

About Domo

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.