Stock Story -
Data visualization and business intelligence company Domo (NASDAQ:DOMO) will be reporting results tomorrow after the bell. Here's what investors should know.
Domo met analysts' revenue expectations last quarter, reporting revenues of $80.18 million, flat year on year. It was a mixed quarter for the company, with an impressive beat of analysts' billings estimates but management forecasting growth to slow.
Is Domo a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Domo's revenue to be flat year on year at $79.5 million, slowing from the 6.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.23 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Domo has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.
Looking at Domo's peers in the data analytics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Amplitude delivered year-on-year revenue growth of 9.2%, meeting analysts' expectations, and Palantir (NYSE:PLTR) reported revenues up 20.8%, topping estimates by 2.7%. Amplitude traded down 1.7% following the results while Palantir was also down 15.1%.
Read the full analysis of Amplitude's and Palantir's results on StockStory.
There has been positive sentiment among investors in the data analytics segment, with share prices up 3.2% on average over the last month. Domo is up 1.1% during the same time and is heading into earnings with an average analyst price target of $14.2 (compared to the current share price of $7.58).
