Domo Inc reports results for the quarter ended in April - Earnings Summary

Domo

24/05/2024 24:23

* Domo Inc  DOMO.OQ  reported a quarterly adjusted loss
of 33
cents​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of -17
cents.  The mean expectation of five analysts for the quarter
was for a loss of 23 cents per share. Wall Street expected
results to range from -23 cents to -22 cents per share.
    * Revenue rose 0.8% to $80.10 million from a year ago;
analysts
expected $79.49 million. 
    * Domo Inc's reported EPS for the quarter was a loss of 69
cents​.
    * The company reported a quarterly loss of $26.01 million.
    * Domo Inc shares had fallen by 17.9% this quarter and
lost 28.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 465%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Domo Inc is
$13.00 
This summary was machine generated from LSEG data May 23 at
11:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.23          -0.33          Missed
 Jan. 31 2024      -0.05          -0.05          Met
 Oct. 31 2023      -0.12          0.00           Beat
 Jul. 31 2023      -0.09          -0.02          Beat