Domo (DOMO) Updates FY 2020 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY 2020 earnings guidance on Wednesday morning. 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.

Shares of DOMO stock opened at $37.79 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.04 and a quick ratio of 2.04. Domo has a 12 month low of $13.28 and a 12 month high of $39.13.

Domo (NASDAQ:DOMO) last issued its earnings results on Wednesday, March 13th. The company reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.29. The firm had revenue of $39.40 million for the quarter, compared to analyst estimates of $37.77 million. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. On average, equities research analysts forecast that Domo will post -10.33 EPS for the current year.

DOMO has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Domo from a hold rating to a buy rating and set a $24.00 target price for the company in a research note on Tuesday, December 11th. Needham & Company LLC initiated coverage on shares of Domo in a research note on Monday, January 14th. They set a buy rating and a $27.00 target price for the company. JMP Securities boosted their target price on shares of Domo from $35.00 to $47.00 and gave the stock an outperform rating in a research note on Thursday. Credit Suisse Group reiterated an outperform rating and set a $40.00 target price (up previously from $27.00) on shares of Domo in a research note on Thursday. Finally, Morgan Stanley boosted their target price 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $32.13.

An institutional investor recently raised its position in Domo stock. Geode Capital Management LLC boosted its stake in Domo Inc (NASDAQ:DOMO) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,745 shares of the company’s stock after acquiring an additional 7,240 shares during the period. Geode Capital Management LLC owned about 0.38% of Domo worth $1,977,000 as of its most recent SEC filing. 65.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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