Brokerages Anticipate Domo, Inc. (NASDAQ:DOMO) Will Announce Earnings of -$0.40 Per Share

Analysts forecast that Domo, Inc. (NASDAQ:DOMOGet Rating) will report ($0.40) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Domo’s earnings. Domo posted earnings of ($0.26) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 53.8%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Domo will report full year earnings of ($1.48) per share for the current year, with EPS estimates ranging from ($1.51) to ($1.45). For the next fiscal year, analysts forecast that the firm will post earnings of ($1.47) per share, with EPS estimates ranging from ($1.62) to ($1.32). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Domo.

Domo (NASDAQ:DOMOGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.88) by ($0.13). The company had revenue of $70.00 million during the quarter, compared to analysts’ expectations of $67.10 million. During the same quarter in the previous year, the company earned ($0.65) earnings per share. Domo’s revenue for the quarter was up 23.2% compared to the same quarter last year.

A number of research analysts recently weighed in on DOMO shares. JMP Securities dropped their price objective on Domo from $106.00 to $88.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research raised Domo from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Cowen lowered their target price on Domo from $85.00 to $70.00 in a report on Monday. Morgan Stanley lowered their target price on Domo from $90.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Cowen lowered their target price on Domo from $85.00 to $70.00 in a report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $82.40.

DOMO stock traded down $0.55 on Monday, reaching $30.44. 209,803 shares of the company’s stock were exchanged, compared to its average volume of 378,907. The stock has a fifty day moving average of $43.97 and a 200-day moving average of $50.15. Domo has a twelve month low of $28.79 and a twelve month high of $98.35. The firm has a market cap of $1.00 billion, a PE ratio of -9.60 and a beta of 2.66.

In related news, Director Joy Driscoll Durling sold 1,940 shares of the stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $51.68, for a total transaction of $100,259.20. Following the transaction, the director now directly owns 19,609 shares in the company, valued at $1,013,393.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bruce C. Jr. Felt sold 20,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $48.52, for a total value of $970,400.00. The disclosure for this sale can be found here. Insiders sold 106,053 shares of company stock worth $5,441,410 over the last 90 days. Company insiders own 14.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOMO. California State Teachers Retirement System raised its holdings in shares of Domo by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 38,129 shares of the company’s stock worth $3,220,000 after purchasing an additional 148 shares during the period. Voya Investment Management LLC raised its holdings in shares of Domo by 1.2% in the 3rd quarter. Voya Investment Management LLC now owns 15,733 shares of the company’s stock worth $1,329,000 after purchasing an additional 182 shares during the period. Credit Suisse AG raised its holdings in shares of Domo by 0.3% in the 3rd quarter. Credit Suisse AG now owns 139,657 shares of the company’s stock worth $11,793,000 after purchasing an additional 366 shares during the period. TownSquare Capital LLC raised its holdings in shares of Domo by 8.6% in the 3rd quarter. TownSquare Capital LLC now owns 4,614 shares of the company’s stock worth $390,000 after purchasing an additional 367 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Domo by 222.5% in the 3rd quarter. Captrust Financial Advisors now owns 545 shares of the company’s stock worth $46,000 after purchasing an additional 376 shares during the period. Hedge funds and other institutional investors own 72.40% of the company’s stock.

Domo Company Profile (Get Rating)

Domo, Inc operates a cloud-based business intelligence platform in the United States, Japan, and internationally. Its platform digitally connects from the 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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