Domo (DOMO) Releases FY 2019 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-8.83–8.79 for the period, compared to the Thomson Reuters consensus estimate of $-9.53. The company issued revenue guidance of $140.6-141 million, compared to the consensus revenue estimate of $136.92 million.Domo also updated its Q4 2019 guidance to $-1.27–1.23 EPS.

Shares of DOMO stock traded down $0.18 during trading hours on Thursday, reaching $15.63. The company had a trading volume of 398,069 shares, compared to its average volume of 539,032. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.03. Domo has a twelve month low of $13.28 and a twelve month high of $28.86.

Domo (NASDAQ:DOMO) last posted its earnings results on Thursday, September 6th. The company reported ($3.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.93) by $0.49. The company had revenue of $34.30 million during the quarter, compared to analyst estimates of $32.02 million. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, research analysts expect that Domo will post -9.55 earnings per share for the current fiscal year.

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

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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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