Domo (DOMO) Releases FY 2020 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-3.87–3.79 for the period, compared to the Thomson Reuters consensus estimate of $-4.02. The company issued revenue guidance of $173-174 million, compared to the consensus revenue estimate of $173.73 million.Domo also updated its FY20 guidance to ($3.87)-($3.79) EPS.

NASDAQ:DOMO opened at $29.82 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.77 and a quick ratio of 1.77. Domo has a 1 year low of $13.28 and a 1 year high of $47.08. The firm has a market capitalization of $859.30 million and a price-to-earnings ratio of -3.16.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($1.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.45) by $0.37. The company had revenue of $40.80 million during the quarter, compared to analysts’ expectations of $40.69 million. Domo had a negative return on equity of 210.31% and a negative net margin of 95.39%. Domo’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, equities research analysts predict that Domo will post -4.69 EPS for the current fiscal year.

Several brokerages have recently weighed in on DOMO. Zacks Investment Research cut Domo from a buy rating to a hold rating in a research report on Monday, May 27th. Credit Suisse Group lifted their price target on Domo from $40.00 to $45.00 and gave the company an outperform rating in a research report on Tuesday, April 2nd. Needham & Company LLC lifted their price target on Domo to $50.00 and gave the company a buy rating in a research report on Thursday, March 21st. JMP Securities lifted their price target on Domo from $35.00 to $47.00 and gave the company an outperform rating in a research report on Thursday, March 14th. Finally, Morgan Stanley lifted their price target on Domo from $29.00 to $38.00 and gave the company an overweight rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Domo presently has an average rating of Buy and an average target price of $37.25.

In other news, EVP Catherine Wong sold 6,580 shares of Domo stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.74, for a total value of $254,909.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.97% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Domo stock. Geode Capital Management LLC increased its stake in Domo Inc (NASDAQ:DOMO) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 100,745 shares of the company’s stock after purchasing an additional 7,240 shares during the quarter. Geode Capital Management LLC owned about 0.38% of Domo worth $1,977,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 70.41% of the company’s stock.

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About Domo

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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