Data visualisation and business intelligence company Domo (NASDAQ:DOMO) will be reporting results tomorrow after market hours. Here's what you need to know.
Last quarter Domo reported revenues of $79.6 million, up 13.8% year on year, beating analyst revenue expectations by 2.77%. It was a weak quarter for the company, with full year revenue guidance 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 5.91% year on year to $78.9 million, slowing down from the 24% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.17 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 2.41%.
Looking at Domo's peers in the data and analytics software segment, only Alteryx has so far reported results, delivering top-line growth of 26.1% year on year, missing analyst estimates by 0.49%. The stock was down 8.45% on the results. Read our full analysis of Alteryx's earnings results here.
There has been positive sentiment among investors in the software segment, with the stocks up on average 9.28% over the last month. Domo is down 2.58% during the same time, and is heading into the earnings with analyst price target of $21.8, compared to share price of $14.7.
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The author has no position in any of the stocks mentioned.