Domo (DOMO) Issues FY 2019 Earnings Guidance
Domo (NASDAQ:DOMO) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $-8.83–8.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $-9.53. The company issued revenue guidance of $140.6-141 million, compared to the consensus revenue estimate of $136.92 million.Domo also updated its Q4 2019 guidance to $-1.27–1.23 EPS.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Domo from a buy rating to a hold rating in a report on Wednesday, November 7th. Credit Suisse Group raised their price target on Domo from $25.00 to $27.00 and gave the stock an outperform rating in a report on Friday, September 7th. Morgan Stanley raised their price target on Domo from $28.00 to $29.00 and gave the stock an overweight rating in a report on Friday, September 7th. Finally, JMP Securities raised their price target on Domo from $30.00 to $35.00 and gave the stock an outperform rating in a report on Friday, September 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Domo has an average rating of Buy and an average target price of $26.43.
Shares of DOMO stock traded down $0.18 during mid-day trading on Thursday, hitting $15.63. 398,069 shares of the stock traded hands, compared to its average volume of 539,032. Domo has a twelve month low of $13.28 and a twelve month high of $28.86. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.03.
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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