Data visualisation and business intelligence company Domo (NASDAQ:DOMO) will be reporting earnings tomorrow after market hours. Here's what to expect.
Last quarter Domo reported revenues of $79.67 million, up 5.5% year on year, in line with analyst expectations. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and underwhelming revenue guidance for the next quarter.
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 be flat year on year at $79.02 million, a deceleration on the 21.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 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 Q3 earnings results, giving us a hint of what we can expect. Alteryx (NYSE:AYX) delivered top-line growth of 7.6% year on year, beating analyst estimates by 10.4% and Palantir (NYSE:PLTR) reported revenues up 16.8% year on year, exceeding estimates by 0.4%. Alteryx traded up 16.9% on the results, and Palantir was up 12.8%.
Read the full analysis of Alteryx's and Palantir's results on StockStory.
There has been positive sentiment among investors in the data analytics segment, with the stocks up on average 11.8% over the last month. Domo is up 17% during the same time, and is heading into the earnings with analyst price target of $15.8, compared to share price of $9.5.
The author has no position in any of the stocks mentioned.