Domo (NASDAQ:DOMO) Updates FY20 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of ($4.10)-($4.00) 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 $173.57 million.Domo also updated its FY 2020 guidance to $-4.1–4 EPS.

Shares of NASDAQ:DOMO traded down $9.44 during mid-day trading on Friday, reaching $15.77. The stock had a trading volume of 12,271,598 shares, compared to its average volume of 422,524. The firm has a market cap of $690.02 million, a PE ratio of -1.67 and a beta of 0.86. The firm has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $32.35. 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 has a twelve month low of $13.28 and a twelve month high of $47.08.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.96) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.27. The business had revenue of $41.70 million for the quarter, compared to the consensus estimate of $41.68 million. Domo had a negative net margin of 81.35% and a negative return on equity of 291.36%. Domo’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the company posted ($3.44) EPS. On average, equities analysts anticipate that Domo will post -4.82 EPS for the current fiscal year.

A number of analysts recently weighed in on DOMO shares. Cowen cut their price target on shares of Domo from $52.00 to $28.00 in a research report on Friday. Credit Suisse Group downgraded shares of Domo from an outperform rating to a neutral rating and cut their price target for the company from $45.00 to $20.00 in a research report on Friday. Morgan Stanley set a $47.00 price target on shares of Domo and gave the company a buy rating in a research report on Friday, June 7th. JMP Securities cut their price target on shares of Domo from $47.00 to $37.00 and set a market outperform rating on the stock in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Domo from a buy rating to a hold rating in a research report on Monday, May 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Domo presently has a consensus rating of Buy and an average target price of $35.50.

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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