Domo (NASDAQ:DOMO) Announces Quarterly Earnings Results, Misses Expectations By $0.27 EPS

Domo (NASDAQ:DOMO) announced its quarterly earnings results on Thursday. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.27), Zacks reports. The business had revenue of $79.68 million for the quarter, compared to analyst estimates of $77.56 million. Domo’s revenue for the quarter was down .1% on a year-over-year basis.

Domo Stock Performance

Shares of NASDAQ:DOMO opened at $9.74 on Friday. The company has a market capitalization of $376.26 million, a P/E ratio of -4.51 and a beta of 2.44. The company’s 50-day moving average is $8.31 and its 200 day moving average is $7.73. Domo has a fifty-two week low of $6.11 and a fifty-two week high of $12.23.

Analyst Ratings Changes

DOMO has been the topic of several analyst reports. TD Cowen lifted their target price on Domo from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Friday, November 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Domo in a report on Friday, August 30th. Finally, DA Davidson boosted their price target on shares of Domo from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.80.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.