Domo (DOMO) got here out with a quarterly lack of $0.32 per share versus the Zacks
Domo (DOMO) got here out with a quarterly lack of $0.32 per share versus the Zacks Consensus Estimate of a lack of $0.44. This compares to lack of $0.85 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 27.27%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.44 per share when it truly produced a lack of $0.40, delivering a shock of 9.09%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Domo, which belongs to the Zacks Web – Software program business, posted revenues of $56.84 million for the quarter ended January 2021, surpassing the Zacks Consensus Estimate by 5.66%. This compares to year-ago revenues of $46.17 million. The corporate has topped consensus income estimates 4 instances during the last 4 quarters.
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Domo shares have misplaced about 2.4% for the reason that starting of the 12 months versus the S&P 500’s acquire of three.8%.
What’s Subsequent for Domo?
Whereas Domo has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Domo was blended. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You possibly can see the whole listing of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.36 on $55.Eight million in revenues for the approaching quarter and -$1.11 on $236.45 million in revenues for the present fiscal 12 months.
Buyers needs to be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Web – Software program is at the moment within the backside 34% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Domo, Inc. (DOMO): Free Inventory Evaluation Report
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