Domo (DOMO) Issues Q4 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($1.27)-($1.23) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.39). The company issued revenue guidance of $37.5-$37.9 million, compared to the consensus revenue estimate of $35.73 million.Domo also updated its FY 2019 guidance to $-8.83–8.79 EPS.

Shares of DOMO traded down $0.18 on Thursday, reaching $15.63. 396,666 shares of the company’s stock traded hands, compared to its average volume of 539,032. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.03. Domo has a 52-week low of $13.28 and a 52-week high of $28.86.

Domo (NASDAQ:DOMO) last issued its quarterly earnings results on Thursday, September 6th. The company reported ($3.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.93) by $0.49. The business had revenue of $34.30 million for the quarter, compared to analysts’ expectations of $32.02 million. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. Research analysts predict that Domo will post -9.55 earnings per share for the current year.

A number of analysts recently commented on DOMO shares. Zacks Investment Research raised Domo from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Tuesday, September 25th. Morgan Stanley increased their price objective on Domo from $28.00 to $29.00 and gave the company an overweight rating in a report on Friday, September 7th. JMP Securities increased their price objective on Domo from $30.00 to $35.00 and gave the company an outperform rating in a report on Friday, September 7th. Finally, Credit Suisse Group increased their price objective on Domo from $25.00 to $27.00 and gave the company an outperform rating in a report on Friday, September 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Domo presently has a consensus rating of Buy and a consensus price target of $26.43.

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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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