Domo (NASDAQ:DOMO) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($1.04)-($1.00) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.91). The company issued revenue guidance of $41.5-$42.5, compared to the consensus revenue estimate of $44.25 million.Domo also updated its FY 2020 guidance to $-4.1–4 EPS.
A number of equities research analysts have weighed in on the company. Credit Suisse Group lowered Domo from an outperform rating to a neutral rating and decreased their target price for the company 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 target (down from $50.00) on shares of Domo in a report on Friday. JMP Securities cut their price target on Domo from $47.00 to $37.00 and set an outperform rating on the stock in a report on Friday. Zacks Investment Research downgraded Domo from a buy rating to a hold rating in a report on Monday, May 27th. Finally, Morgan Stanley set a $47.00 price target on Domo and gave the company a buy rating in a report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $37.00.
Shares of NASDAQ:DOMO traded down $9.09 on Friday, reaching $16.12. The company had a trading volume of 337,256 shares, compared to its average volume of 364,307. Domo has a 52-week low of $13.28 and a 52-week high of $47.08. The firm’s 50 day simple moving average is $26.07 and its 200-day simple moving average is $32.43. The firm has a market capitalization of $660.46 million, a PE 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 quarterly earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $41.70 million for the quarter, compared to the consensus estimate of $41.68 million. During the same period last year, the business posted ($3.44) EPS. The business’s revenue was up 21.6% compared to the same quarter last year. As a group, equities research analysts predict that Domo will post -4.82 earnings per share for the current year.
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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