Domo (DOMO) Releases FY20 Earnings Guidance

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Domo (NASDAQ:DOMO) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of ($4.07)-($3.99) for the period, compared to the Thomson Reuters consensus EPS estimate of ($4.30). The company issued revenue guidance of $173-$174 million, compared to the consensus revenue estimate of $170.09 million.Domo also updated its FY 2020 guidance to $-4.07–3.99 EPS.

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

Domo (NASDAQ:DOMO) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.94) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.48. The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $37.77 million. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. On average, equities research analysts anticipate that Domo will post -10.33 earnings per share for the current fiscal year.

Several equities research analysts recently commented on DOMO shares. Needham & Company LLC started coverage on shares of Domo in a research report on Monday, January 14th. They issued a buy rating and a $27.00 price objective on the stock. Zacks Investment Research raised shares of Domo from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Tuesday, December 11th. Credit Suisse Group reaffirmed an outperform rating and issued a $40.00 price objective (up from $27.00) on shares of Domo in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Domo from $29.00 to $38.00 and gave the company an overweight rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $30.63.

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

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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.

See Also: P/E Growth (PEG)

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