Domo (NASDAQ:DOMO) Updates Q3 2020 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its third quarter 2020 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-1.04–1 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.9. The company issued revenue guidance of $41.5-42.5 million, compared to the consensus revenue estimate of $44.26 million.Domo also updated its FY 2020 guidance to $-4.1–4 EPS.

NASDAQ:DOMO traded down $9.09 during mid-day trading on Friday, hitting $16.13. 4,744,167 shares of the company’s stock traded hands, compared to its average volume of 364,307. The firm has a 50 day moving average of $26.07 and a two-hundred day moving average of $32.43. Domo has a 12 month low of $13.28 and a 12 month high of $47.08. The firm has a market capitalization of $660.46 million, a price-to-earnings ratio of -1.71 and a beta of 0.86. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.56.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share for the quarter, beating the consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 253.84% and a negative net margin of 95.39%. The firm had revenue of $41.70 million during the quarter, compared to the consensus estimate of $41.68 million. During the same quarter in the prior year, the company earned ($3.44) EPS. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. As a group, equities research analysts expect that Domo will post -4.82 earnings per share for the current year.

DOMO has been the subject of several recent analyst reports. Zacks Investment Research downgraded Domo from a buy rating to a hold rating in a research note on Monday, May 27th. Credit Suisse Group downgraded Domo from an outperform rating to a neutral rating and reduced their price objective for the stock from $45.00 to $20.00 in a research report on Friday. Needham & Company LLC reiterated a buy rating and issued a $34.00 price objective (down previously from $50.00) on shares of Domo in a research report on Friday. JMP Securities reduced their price objective on Domo from $47.00 to $37.00 and set an outperform rating for the company in a research report on Friday. Finally, Morgan Stanley set a $47.00 price objective on Domo and gave the stock a buy rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $37.00.

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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