Business intelligence platform Domo (NASDAQ: DOMO) will be announcing earnings results this Tuesday after the bell. Here’s what to look for.
Domo met analysts’ revenue expectations last quarter, reporting revenues of $79.4 million, flat year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but a significant miss of analysts’ billings estimates.
Is Domo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Domo’s revenue to be flat year on year, improving from the 1.8% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Domo has a history of exceeding Wall Street’s expectations.
Looking at Domo’s peers in the data analytics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Palantir Technologies delivered year-on-year revenue growth of 70%, beating analysts’ expectations by 4.9%, and Strategy reported revenues up 1.9%, topping estimates by 0.6%. Palantir Technologies traded up 6.8% following the results while Strategy was also up 26.1%.
Read our full analysis of Palantir Technologies’s results here and Strategy’s results here.
There has been positive sentiment among investors in the data analytics segment, with share prices up 2.7% on average over the last month. Domo is down 16.3% during the same time and is heading into earnings with an average analyst price target of $11.08 (compared to the current share price of $4.37).
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