Data visualization and business intelligence company Domo (NASDAQ:DOMO) will be reporting earnings tomorrow after market hours. Here's what you need to know.
Last quarter Domo reported revenues of $79.68 million, flat year on year, in line with analyst expectations. It was a decent quarter for the company, with EPS and operating cash flow exceeding Wall Street's estimates. Its revenue and RPO (remaining performance obligations) also slightly beat Wall Street's projections, and its EPS guidance for next quarter came in better than expected.
Is Domo buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Domo's revenue to decline 0.1% year on year to $79.54 million, a deceleration on the 13.8% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.6%.
Looking at Domo's peers in the data analytics segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Palantir (NYSE:PLTR) delivered top-line growth of 19.6% year on year, beating analyst estimates by 0.9% and Amplitude reported revenues up 9.4% year on year, missing analyst estimates by 0.1%. Palantir traded up 11.7% on the results, and Amplitude was down 7.6%.
Read the full analysis of Palantir's and Amplitude's results on StockStory.
Investors in the data analytics segment have had steady hands going into the earnings, with the stocks down on average 1.2% over the last month. Domo is down 1.6% during the same time, and is heading into the earnings with analyst price target of $15.3, compared to share price of $11.4.