Data visualisation and business intelligence company Domo (NASDAQ:DOMO) will be reporting earnings tomorrow after the bell. Here's what investors should know.
Last quarter Domo reported revenues of $75.5 million, up 20.2% year on year, missing analyst expectations by 1.13%. It was a weak quarter for the company, with revenue guidance for both the next quarter and full year missing analysts' expectations.
Is Domo buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Domo's revenue to grow 17.3% year on year to $76.3 million, slowing down from the 21.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.26 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 2.73%.
Looking at Domo's peers in the data analytics segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Amplitude delivered top-line growth of 35.4% year on year, beating analyst estimates by 2.36% and Health Catalyst reported revenues up 10.7% year on year, exceeding estimates by 2.33%. Amplitude traded down 1.13% on the results, Health Catalyst was flat on the results. Read our full analysis of Amplitude's results here and Health Catalyst's results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 5.58% over the last month. Domo is down 7.05% during the same time, and is heading into the earnings with with analyst price target of $37.80, compared to share price of $14.50.
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The author has no position in any of the stocks mentioned.