Domo (DOMO) Updates FY 2020 Earnings Guidance

Domo (NASDAQ:DOMO) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $-4.07–3.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-4.27. The company issued revenue guidance of $173-174 million, compared to the consensus revenue estimate of $170.08 million.Domo also updated its FY20 guidance to ($4.07)-($3.99) EPS.

A number of brokerages have commented on DOMO. Morgan Stanley lifted their price objective on shares of Domo from $29.00 to $38.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Needham & Company LLC lifted their price objective on shares of Domo from $27.00 to $37.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Domo from a hold rating to a sell rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Domo currently has an average rating of Buy and a consensus price target of $29.00.

Domo stock opened at $31.20 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.47. Domo has a 12-month low of $13.28 and a 12-month high of $36.87.

Domo (NASDAQ:DOMO) last released its earnings results on Wednesday, March 13th. The company reported ($0.94) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.42) by $0.48. The firm had revenue of $39.40 million during the quarter, compared to the consensus estimate of $37.77 million. The business’s revenue was up 30.9% on a year-over-year basis. As a group, equities analysts predict that Domo will post -10.33 EPS for the current year.

A hedge fund recently raised its stake in Domo stock. Geode Capital Management LLC lifted its position in Domo Inc (NASDAQ:DOMO) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,745 shares of the company’s stock after acquiring an additional 7,240 shares during the quarter. Geode Capital Management LLC owned 0.38% of Domo worth $1,977,000 at the end of the most recent reporting period. Institutional investors own 65.56% of the company’s stock.

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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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