Does Earnings Surprise History Hold Any Clue for Domo Stock Forecast, Price & News (NASDAQ:DOMO)

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Earnings results for Domo Stock Forecast, Price & News (NASDAQ:DOMO)

Domo, Inc. is expected* to report earnings on 09/03/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.72. The reported EPS for the same quarter last year was $-1.1400000000000001.

Domo last announced its earnings data on June 4th, 2020. The reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.91) by $0.26. The firm had revenue of $48.60 million for the quarter, compared to the consensus estimate of $45.32 million. Its revenue for the quarter was up 18.5% compared to the same quarter last year. Domo has generated ($4.57) earnings per share over the last year. Domo has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Domo Stock Forecast, Price & News (NASDAQ:DOMO)

6 Wall Street analysts have issued ratings and price targets for Domo in the last 12 months. Their average twelve-month price target is $37.83, predicting that the stock has a possible downside of 15.04%. The high price target for DOMO is $47.00 and the low price target for DOMO is $32.00. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Domo has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $37.83, Domo has a forecasted downside of 15.0% from its current price of $44.53. Domo has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Domo Stock Forecast, Price & News (NASDAQ:DOMO)

Domo does not currently pay a dividend. Domo does not have a long track record of dividend growth.

Insiders buying/selling: Domo Stock Forecast, Price & News (NASDAQ:DOMO)

In the past three months, Domo insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,203,517.00 in company stock. Only 15.52% of the stock of Domo is held by insiders. 67.75% of the stock of Domo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Domo Stock Forecast, Price & News (NASDAQ:DOMO

Earnings for Domo are expected to grow in the coming year, from ($2.94) to ($1.96) per share. The P/E ratio of Domo is -10.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Domo is -10.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Domo has a P/B Ratio of 28.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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