Domo (NASDAQ:DOMO) Issues Q4 Earnings Guidance

Domo (NASDAQ:DOMO) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.98)-(0.94) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.98). The company issued revenue guidance of $45-46 million, compared to the consensus revenue estimate of $43.90 million.

Several research firms have recently commented on DOMO. Needham & Company LLC reaffirmed a buy rating and issued a $34.00 price target (down from $50.00) on shares of Domo in a report on Friday, September 6th. Cowen reduced their price objective on Domo from $52.00 to $28.00 and set a buy rating for the company in a research report on Friday, September 6th. Credit Suisse Group downgraded Domo from an outperform rating to a neutral rating and lowered their price objective for the stock from $45.00 to $20.00 in a research note on Friday, September 6th. Zacks Investment Research lowered Domo from a strong-buy rating to a hold rating in a research report on Wednesday, November 6th. Finally, UBS Group cut their target price on Domo from $28.00 to $18.00 and set a neutral rating on the stock in a research note on Monday, September 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Domo presently has an average rating of Buy and a consensus price target of $25.71.

Domo stock traded down $0.11 during midday trading on Thursday, reaching $19.50. 964,910 shares of the stock traded hands, compared to its average volume of 739,203. Domo has a fifty-two week low of $14.80 and a fifty-two week high of $47.08. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.56. The firm has a market cap of $539.35 million, a price-to-earnings ratio of -2.07 and a beta of 0.85. The firm has a fifty day moving average price of $17.12 and a two-hundred day moving average price of $23.47.

Domo (NASDAQ:DOMO) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.23) by $0.27. The company had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.68 million. Domo had a negative net margin of 81.35% and a negative return on equity of 403.37%. Domo’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business earned ($3.44) earnings per share. Analysts anticipate that Domo will post -4.7 earnings per share for the current year.

In other Domo news, CEO Joshua G. James acquired 60,000 shares of Domo stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $1,020,000.00. Insiders own 21.97% of the company’s stock.

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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