Earnings : What to expect Domo (NASDAQ:DOMO)

Earnings results for Domo (NASDAQ:DOMO)

Domo, Inc. is expected* to report earnings on 08/26/2021 after market close. The report will be for the fiscal Quarter ending Jul 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.64. The reported EPS for the same quarter last year was $-0.62.

Domo last announced its earnings data on May 26th, 2021. The reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.18. The firm had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $57.24 million. Its quarterly revenue was up 23.7% compared to the same quarter last year. Domo has generated ($2.89) earnings per share over the last year (($2.60) diluted earnings per share). Earnings for Domo are expected to grow in the coming year, from ($2.46) to ($2.03) per share. Domo has confirmed that its next quarterly earnings report will be published on Thursday, August 26th, 2021. Domo will be holding an earnings conference call on Thursday, August 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode “3315929”.

Analyst Opinion on Domo (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 $88.00, predicting that the stock has a possible downside of 9.13%. The high price target for DOMO is $100.00 and the low price target for DOMO is $65.00. There are currently 1 hold rating and 5 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 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $88.00, Domo has a forecasted downside of 9.1% from its current price of $96.84. Domo has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Domo (NASDAQ:DOMO)

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

Insiders buying/selling: Domo (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 $1,039,850.00 in company stock. 14.35% of the stock of Domo is held by insiders. A high percentage of insider ownership can be a sign of company health. 58.22% 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 (NASDAQ:DOMO

Earnings for Domo are expected to grow in the coming year, from ($2.46) to ($2.03) per share. The P/E ratio of Domo is -37.25, 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 -37.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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