Domo (NASDAQ:DOMO) Updates 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 guidance of $-4.1–4 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-3.82. The company issued revenue guidance of $168-169 million, compared to the consensus revenue estimate of $173.58 million.Domo also updated its FY20 guidance to ($4.10)-($4.00) EPS.

Several research analysts recently commented on the company. Credit Suisse Group downgraded Domo from an outperform rating to a neutral rating and reduced their price objective for the company from $45.00 to $20.00 in a research note on Friday. Needham & Company LLC reissued a buy rating and issued a $34.00 price objective (down from $50.00) on shares of Domo in a research note on Friday. Zacks Investment Research downgraded Domo from a buy rating to a hold rating in a research note on Monday, May 27th. Cowen reduced their price objective on Domo from $52.00 to $28.00 in a research note on Friday. Finally, Morgan Stanley set a $47.00 price objective on Domo and gave the company a buy rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $35.50.

NASDAQ DOMO traded down $9.44 during mid-day trading on Friday, hitting $15.77. The stock had a trading volume of 12,271,598 shares, compared to its average volume of 422,524. The firm’s 50 day moving average is $25.86 and its 200 day moving average is $32.35. Domo has a twelve month low of $13.28 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $690.02 million, a price-to-earnings ratio of -1.67 and a beta of 0.86.

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.96) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.23) by $0.27. Domo had a negative return on equity of 291.36% and a negative net margin of 81.35%. The firm had revenue of $41.70 million during the quarter, compared to the consensus estimate of $41.68 million. During the same period in the prior year, the company earned ($3.44) EPS. The firm’s revenue 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 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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