Domo (NASDAQ:DOMO) Posts Earnings Results, Beats Expectations By $0.27 EPS

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Domo (NASDAQ:DOMO) released its quarterly earnings data on Thursday. The company reported ($0.96) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.23) by $0.27, Briefing.com reports. Domo had a negative net margin of 81.35% and a negative return on equity of 291.36%. The business had revenue of $41.70 million during the quarter, compared to analysts’ expectations of $41.68 million. During the same quarter in the prior year, the company earned ($3.44) EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis.

Shares of DOMO stock opened at $15.77 on Friday. The firm has a fifty day moving average of $25.86 and a 200-day moving average of $32.35. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.66 and a quick ratio of 1.66. Domo has a 12-month low of $13.28 and a 12-month high of $47.08.

Several equities research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $34.00 price target (down from $50.00) on shares of Domo in a report on Friday. Cowen lowered their price target on Domo from $52.00 to $28.00 in a report on Friday. Morgan Stanley set a $47.00 target price on Domo and gave the stock a “buy” rating in a research note on Friday, June 7th. Credit Suisse Group cut Domo from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $20.00 in a research note on Friday. Finally, JMP Securities lowered their target price on Domo from $47.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $35.50.

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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Earnings History for Domo (NASDAQ:DOMO)

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